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The US President says Bitcoin, Ethereum, XRP, Solana and Cardano will be included in Crypto Strategic Reserve.
The United States President Donald Trump has appointed five cryptocurrencies for his proposed reserve of digital assets, sending the prices of the tokens.
Bitcoin, Ethereum, XRP, Solana and Cardano will be included in the Crypto Strategic Reserve, Trump said in his social platform for the truth on Sunday.
Trump, who signed an enforcement order in January to study the creation of “strategic national digital assets,” said the move would “raise” the industry after years of “corrupt attacks” by the administration of former US President Joe Biden.
“I will make sure the US is the cryptocurrency of the world. We make America great again! “The US president said on his social media platform.
Cardano jumped over 70 percent after Trump's message, while XRP and Solana increased more than 35 percent and 20 percent respectively.
Bitcoin and Ethereum, which are the largest cryptocurrencies of market value and were not indicated in the original social publication of Trump Trump, declaring the reserve, won more than 20 percent.
It remains unclear how the Trump reserve offered will work in practice.
The US President's executive order concerning digital assets, “storage”, disappoints some cryptocurrency enthusiasts who interpret the term to mean that Washington will only keep the assets it already has, not actively buying cryptocurrency, as the reserve is implied.
After branding Bitcoin “Fraud” during his first administration, Trump hugged cryptocurrency during his re -election campaign, promising to turn the United States into “cryptocurrency on the planet.”
After taking office of Trump, his administration moved to return the regulatory regulatory repression initiated by the Biden administration.
The Securities and Exchange Commission announced last week that it has rejected civil accusations raised against Coinbase, the largest cryptocurrency in the United States after pausing or abandoning court disputes against Binance, Opensea, Robinhood and Uniswap.
Trump, whose family has raised billions of dollars in crypto wealth, launching their own tokens, will host the first ever crypto top match in the White House on Friday.
