The president of the United States says that Bitcoin, Ethereum, XRP, Solana and Cardano will be included in the 'Crypto Strategic Reserve'.
The president of the United States, Donald Trump, has appointed five cryptocurrencies for his proposal for digital assets, sending tokens prices.
Bitcoin, Ethereum, XRP, Solana and Cardano will be included in a “cryptographic strategic reserve,” Trump said on his social platform Truth on Sunday.
Trump, who in January signed an executive order to examine the creation of a “strategic storage of national digital assets,” said the measure “would raise” the industry after years of “corrupt attacks” by the administration of former president of the United States, Joe Biden.
“I will make sure that the United States is the capital of the world's cryptocurrencies. We are making the United States great again! “The president of the United States said on his social media platform.
Cardano jumped more than 70 percent after Trump's announcement, while XRP and Solana increased more than 35 percent and 20 percent, respectively.
Bitcoin and Ethereum, which are the largest cryptocurrencies by market value and were not named in Trump's initial social position that announced the reserve, won more than 20 percent.
It is not clear how Trump's proposal reservation would work in practice.
The executive order of the president of the United States that referred to a “stockpile” of digital assets disappointed some cryptographic enthusiasts, who interpreted the term for Washington to only cling to the assets that it already has instead of actively buying cryptography as a “reserve” implies.
After qualifying Bitcoin a “scam” during his first administration, Trump embraced the cryptographic industry during his re -election campaign, committing to convert the United States into the “cryptographic capital of the planet.”
Since the inauguration of Trump, his administration has moved to go back the regulatory repressions initiated by the Biden administration.
The Bolsa and Securities Commission announced last week that it had removed the civil positions presented against Coinbase, the greatest cryptographic exchange in the United States, after stopping or abandoning litigation against Binance, Opensa, Robinhood and Unisswap.
Trump, whose family has accumulated billions of dollars in cryptographic wealth when launching their own tokens, will host the first cryptographic summit of the White House on Friday.
