Crypto rises and then drowns after Trump’s publication around the strategic reserve
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Donald Trump’s touch. On Sunday morning, the president took the social truth of the juice of the numbers of encrypted currencies XRP, Sol and Ada. He said they would be part of the upcoming American encryption reserve. For a while after the post, the number rose. But now he returns again.
“The US encryption reserve will raise this critical industry after years of corrupt attacks by the Biden administration, which is why my executive request on digital assets directed the presidential work group to move forward in a strategic coding reserve that includes XRP, Sol and Ada,” Trump, Trump, He said on the social truth. “I will make sure that the United States is the world of encryption in the world. We are making America great again!
In a second publication, everyone added the preferred encryption. It is clear that BTC and ETH, like other cryptocurrencies, will be the heart of the reserve. I also love bitcoin and ethereum! ” He said An hour.
Trump publications The price rose Of all the five cryptocurrencies. The encryption prices increased after Trump’s victory in the elections, after its inauguration, and after its signing Executive order He promised to create a strategic reserve for the United States from the encrypted currency. But prices are always slipping. Trump is volatile and does not always do what he promised. There, until writing these lines, there is no strategic reserves and the encryption prices are slurred after the latest gathering.
Bloomberg named the last height and the fall “Trump pump“The five mentioned by Trump is still above the place where they were a month ago, but instead of going to the moon, they return to Earth.
The problem is that no one knows how Trump will actually create a strategic reserve. In the past, he suggested that it will bring them together from the assets that were seized during federal investigations. If the regulations disappear, apparentlyThen there will be less to add it to the reserve. It is also permissible for him Reduce the price of American gold Book and use some of these funds to purchase encryption. But this is also not achieved yet.
February was a month of decline in cryptocurrencies. They slipped more generally than they were since 2022. The Trump pump barely continued 24 hours, and the prices of all five coins have already decreased by 10 % or more of their heights just hours ago.
Hours after the Trump pump began, the president announced a little long -term policy. It was making America great for Shell companies again. “Exciting news! The Treasury announced that they are suspending all the information about reporting outrageous and gas ownership information (BOI) for American citizens, ” He said on the social truth.
BOI requested companies that have less than 20 employees to register their business with the government. Large companies often use small companies to help them hide illegal assets and illegal activities, and these small companies often have less than 20 employees and exceed all kinds of government regulations that reach greater. Trump has made it easy for major companies to use smaller companies to hide things.
Big business continues to win. The cryptocurrency currencies work, waiting for the next Trump pump.
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