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Trump’s Crypto Reserve: US to Hold Bitcoin, Ethereum, XRP, Solana, and Cardano
Key Takeaways
- Trump confirmed Bitcoin and Ethereum will be part of the US crypto reserve after initial confusion over their absence;
- XRP, Solana, and Cardano saw major price jumps after Trump's announcement, with Bitcoin rising 7.6% after his clarification;
- Trump aims to position the US as a crypto leader, criticizing past regulations and pushing for a government-held digital asset reserve.
President Donald Trump has reaffirmed his commitment to cryptocurrency by announcing plans for a US government-held digital asset reserve.
Initially, he listed XRP
Responding to the reaction, President Trump later clarified that Bitcoin
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President Trump described the reserve as part of his goal to establish the United States as a leader in the crypto industry. He criticized the previous administration’s approach, claiming that regulatory actions had held back the sector.
He said in a March 2 post on Truth Social, "A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden administration, which is why my executive order on digital assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA".
Following the announcement, XRP saw a 21% price increase, reaching $2.61, while Solana gained 12.5%, hitting $158. Cardano had the biggest jump, climbing 37% to $0.87. Bitcoin, which was not included in the original announcement, also gained after President Trump’s clarification, rising 7.6% to over $91,000.
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