U.S. to Establish Crypto Reserve Including XRP, Solana, Cardano
- President Trump announced the creation of a U.S. “crypto reserve” including XRP, Solana, and Cardano.
- Initial exclusion of Bitcoin led to confusion; Trump later confirmed inclusion of Bitcoin and Ethereum.
- XRP surged 21% to $2.61, Solana rose 12.5% to $158, and Cardano increased 37% to $0.87 following the announcement.
- Bitcoin’s price increased by over 7.6%, exceeding $91,000 after Trump’s clarification.
- The initiative aims to make the U.S. the “crypto capital of the world” and counter previous administration’s regulatory actions.
The announcement of a U.S. crypto reserve by President Trump led to significant price increases for XRP (21%), Solana (12.5%), Cardano (37%), and Bitcoin (7.6%).
Source (2.6)https://decrypt.co/308413/trump-crypto-reserve-xrp-solana-cardano?rand=52368