Donald Trump has made a bold statement regarding cryptocurrency, emphasizing his commitment to establishing the U.S. as a dominant force in the sector.
In a recent post on Truth Social, which was also shared in his X account, he revealed plans for a “Crypto Strategic Reserve,” which would include XRP, Solana (SOL), and Cardano (ADA).
The former president criticized the Biden administration for allegedly hindering crypto innovation and positioned his initiative as a way to revitalize the industry.
Trump stated that his executive order on digital assets had instructed the Presidential Working Group to advance this initiative, reinforcing his broader vision of making the U.S. a global leader in cryptocurrency.
All three cryptocurrencies reacted positively to the news. XRP shot up 14% in the past hour and is currently trading at $2.55. Cardanogained more than 30% during the same period and jumped to $0.85, and Solana’s price rose 14% to $160.
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.
The crypto market is seeing increased support from various industries, with payment firms playing a key role in promoting digital assets.
Binance, the leading cryptocurrency exchange, made headlines today with an update concerning several altcoins on its platform.
VanEck has taken a bold step by filing for a Binance Coin (BNB) exchange-traded fund (ETF) in Delaware, aiming to introduce the first BNB ETF to the U.S. market.