Trump calls for creation of a ‘crypto strategic reserve’

President Donald Trump is throwing his support behind the concept of creating a federal reserve of cryptocurrency resources – he specifically mentions XRP, Solana and Cardo, but not Bitcoin or Etherium.

In January, Trump issued a Executive order Which would be calling for the formation of a working group Study and recommend about crypto principles“A national digital resource stockpile is possible creation and maintenance”.

The Working Group “was supposed to offer criteria for the establishment of this national reserve,” which “could” be possible by the law enforcement of the federal government legally seized from the cryptocurrency. “

In A post This morning his social network was true on true social issues, Trump seemed to go even further, making it clear that he wanted to become a reserve.

Trump writes, “A US Crypto Reserve will improve this critical industry after the Beden administration for several years, which is why my executive order on digital resources ordered the President Executive Group to move forward in a Crypto strategic reserve with the XRP, SOL and ADA.” “I will make sure the United States is the capital of the world of crypto.”

As a time of publication on Sunday morning, the price of three cryptocurrencies mentioned in the Trump post has risen by 20% or more.

In recognition of his position in Trump, his executive order seemed directed to undo the Crypto regulatory structure set by former President Joe Biden.

The Securities and Exchange Commission under the administration of Trump seems to be friendly to the industry, taking regulatory position, Dismiss its case Against Coinbase and declares that the memoir Not securitisThe (Trump’s own $ Trump coins are worth Has been submerged since its opening.)

Trump has also signed a call to an executive order Created a US sovereign resource fund He said that could be that Tickets used for buyingThe