Trump Endorses 5 Cryptos For US National Reserve
US President Donald Trump has made another bold move in the cryptocurrency space. After announcing earlier plans to build a strategic Bitcoin reserve, he now intends to include several other digital assets.
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exist Truth Society PositionTrump said We should stock XRP (XRP), Solana (Sol) and Cardano (ADA). He also added Bitcoin (BTC) and Ethereum (ETH) to the list, calling these “the core of the reserve.”
His recent position has aroused market responses and dialogue, with potential impact on the country Use cryptocurrency.
Trump’s initial Bitcoin-only plan changes
At the 2024 Bitcoin 2024 conference in Nashville, Tennessee, Trump first talked about his thoughts on the country’s Bitcoin reserves. He only talked about Bitcoin at the time, calling it a strategically valuable asset.
When he criticizes cryptocurrencies, his words are different from what he said before. Now, he adds more tokens to his vision, demonstrating their importance in the digital market.
Coins rally listed after Trump’s announcement
After Trump announced the news, the cryptocurrency market experienced Listed assets price increases:SOL, ADA and XRP account for up to 62%, while Bitcoin and Ethereum were more than 10% respectively on Sunday.
President Trump announces US crypto protection sanctuary, adding Bitcoin, Ethereum, Solana, XRP and Cardano
President Donald Trump announced the establishment of the U.S. cryptocurrency strategic reserve, directing the president’s digital assets task force to include XRP, Solana (Solana) and…
– BRICS News (@bricsinfo) March 2, 2025
No clear implementation plan?
And an idea US crypto reserves It is attracting attention, and details about how structure is still blurred. Trump directed the President’s Digital Assets Task Force to explore the program to have no guidelines yet.
There is no specific detail on whether the government will purchase these assets directly, regulate them differently or simply treat them as key financial instruments.
The first White House Crypto Summit
On March 7, Trump will host The first White House Crypto Summit U.S. crypto regulations were discussed through industry executives and the Digital Assets Working Group. Meeting Will address the protection measures for operating the country’s cryptocurrency reserves, monetary policy and market manipulation.
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What’s next for cryptocurrencies under Trump
With Trump at the helm, his administration’s stance on cryptocurrencies could impact the industry’s future in the United States. Unlike the administrations in the past that often had doubts or apparently hostile administrative departments for digital assets, his latest comments suggest a more open posture. This could lead to policy changes that affect taxation, trade and rules.
Although the exact time will be known exactly after Trump’s disclosure, the market is now responding. If his government follows these ideas, the government’s attitude towards cryptocurrencies will change dramatically.
Featured images by Gemini Imagen, charts by TradingView
