Trump announces strategic cryptocurrency including Bitcoin, Solana, XRP and others

The cryptocurrencies gathered on Sunday after the President Donald Trump announced the creation of strategic cryptocurrency in the United States, which will include Bitcoin and etherand XRPSolana Salt Token and kardano HellHe said in a Post The truth is social.

“The US cryptocurrency reserve will raise this critical industry after years of corrupt attacks by the Biden administration, which is why my executive order for digital assets directed the presidential working group to move forward in a crypto strategic reserve, which includes XRP, SOL and ADA,” the publication said. “I will make sure the US is the cryptocurrency of the world.”

“And obviously BTC and ETH, like other valuable cryptocurrencies, will be at the heart of the reserve,” he said at A Subsequent publicationS “I also love Bitcoin and Ethereum!”

XRP jumped 33% after the message, while the harvest was tied with solana by 22%. The Cardano coin jumped over 60%.

Bitcoin and Ether won 9% and 11% respectively.

This is the first time Trump has defined his support for a “reserve” cryptocurrency against “stock”. While the former includes actively purchasing cryptocurrency in regular contributions, stock will simply not sell any of the cryptocurrency currently being held by the US government.

Trump First presented the idea On a national stock from Bitcoin last summer at Bitcoin 2024 in Nashville, one of the largest conferences in the industry where he began to court cryptocurrency. At the same event, Wyoming Senator Cynthia Luisa presented her proposal for a National Bitcoin Strategic Reserve.

After its re-election in November, the drum for the strategic reserve for Bitcoin became stronger, helping to send the price of the leading cryptocurrency of new maxima of all time. This seemed to have stopped after Trump issued his Enforcement order of cryptocurrency in late January. He called for the President’s Working Group to evaluate “the potential creation and maintenance of a national stock of digital assets potentially derived from cryptocurrencies, legally seized by the federal government through her efforts to enforce,” among other things.

The industry had a cool response to the language – partly because investors were expecting a focus on bitcoin, while the term “digital assets” suggest that stocks could include other cryptocurrencies without giving specific data.

“The launch of US cryptocurrency strategic reserve marks a major moment for digital assets, reflecting a major step in the government’s commitment to the crypto industry,” said Federico Broka, head of the US Business at 21shares. “This initiative not only strengthens the role of Bitcoin as a maturing store worth, but also emphasizes the importance of blockchain networks such as Ethereum, Solana, XRP and Cardano in financial infrastructure, payments and decentralized funding.”

Bitcoin, absent a cryptocurrency catalyst, was consolidated by the executive order. Just closed it The oldest month of 2022S

Trump hosts the first crypto summit in the White House on Friday, and investors will close more clues about the direction of reserves.

Watch: What does the SEC new crypto strategy mean for the industry