West Palm Beach: US President Donald Trump announced that the names of three cryptocurrencies to be included in a new American crypto strategic reserve on Sunday, strengthening everyone’s value in the market trade.
Trump said on social networks that his executive decree of January on digital assets would create a stock of currencies, notably XRP (Ripple) XRP =, Sol (Solana) Sol = CCCL and ADA (Cardano) ADA = CCCL.
The active ingredients increased from 10% to 35% in trade on Sunday. Other digital assets have also won.
Trump said that his order “ordered the presidential working group to move forward in a cryptographic strategic reserve which includes XRP, Sol and Ada. I will make sure that the United States is the cryptographic world capital”.
The republican president obtained the support of the cryptography industry during his electoral candidacy in 2024, and he quickly set up their political priorities. Under his Democratic predecessor, Joe Biden, the regulators repressed the industry in order to protect the Americans against fraud and money laundering.
In recent weeks, however, however, cryptocurrency prices have decreased, some of the largest digital currencies eradicating almost all the gains made after the Trump elections have sparked a wave of excitement in the industry.
Analysts claim that the market needs a reason to increase, such as the indications that the US federal reserve plans to reduce interest rates or a CLAIR-CRYPTO regulatory framework from the Trump administration.
Trump on Friday is organizing the first summit of the White House crypto. His family also launched their own parts.
It is not clear how the new stock will be put in place or will work.
Analysts and legal experts are divided on the question of whether an act of congress will be necessary. Some have argued that the reserve could be created via the Stabilization Fund for exchanges of the American Treasury, which can be used to buy or sell foreign currency.
Trump’s crypto group had planned to potentially seek the creation of the stock with cryptocurrencies seized in the application of the law.