Trump chooses cryptocurrency for strategic reserve

• Trump announced “CRIPTO Reserve” that will include Ripple, Solana, Cardano, Bitcoin and Etherum.
• The announcement has led to a significant increase in prices for cryptocurries included.
• The CRIPTO community entered the Trump during his campaign, despite the early skeptical.

President Donald Trump – who once called cryptocurrency “Fraud” – a rally was launched for several main coins on Sunday after the declaration of plans to turn the United States into a “cripto capital world”.

Trump said in the post on his socio-media network, the truth of the social, to create a “crypto strategic reserve” that would include the cryptocurrencies of Ripple, Solana and Cardano. Below, Trump said Bitcoin and Ethereum would also be in the heart of the reservation. “

Strategic reservation is a resource pool that keeps the government from usual use that will be used in times of crisis or supply chain disorders. The United States also have other strategic reserves, such as strategic oil reserves, which oil holds in 28 refineries along the bank of the bay.

“My executive command on digital property focused the presidential working group to advance to crypt strategic reserves, which includes XRP, Sol and Ada,” said Trump in the post. “I’ll make sure the cratted capital of the world is now.”

According to CRIPTO-tracking COINGECKO, Riple jumped over 30%, while Solana and Cardano increased by 21% and 61% after Trump announcements. Bitcoin also rose 9%, and Etherum jumped 12%.

From the week afternoon, Etherum traded $ 2,500, and Bitcoin traded from $ 94,069, according to Coongecko.

Trump’s announcement followed the pledge he made in July at Bitcoin 2024 conferenceWhere he promised that all Kruptocurrent was owned by the Federal Government – most of which were seized by law enforcement – in “National Bitcoin Stock.”

Trump’s post Sunday was his first mention of the crypto reservation, not the crypto supplies. The CRIPTO reserve includes an active purchase of cryptocurries, while the stock would be the cryptocurrency of the government already owns.

From ‘scam’ on the fan

Trump’s efforts to create the first American strategic reserves in the US signifies the peak of its crossing 180 degrees on cryptocurrency.

During his first term in the office, Trump called Cripto a “fraud”.

“I’m not a fan of bitcoin and other cryptocurries, who are not money, whose value is very unstable and based on the thin air,” she wrote on Twitter in 2019. Years.

He appeared that Trump had a change in the heart during the presidential elections 2024. years, even launching his own cocoon-banking, Financial world freedomIn October.

“If we don’t do that, China will do it,” Trump said at the time, inviting to accept the crypto as a mainstream currency. “We need to be the biggest and best.”

After his choice, Trump and the first Lady Melania Trump even let his Cripto Meme Coins.

Political shift

His hugging crypto during the campaign may have helped him and some Voting candidates below to venture their democratic rivals.

In total, Pro-Cripto Super Pacs He injected over $ 131 million in campaign pro-crypto congress candidates. Over 85% of these candidates won their races, according to CBS.

Meanwhile, the Biden administration was generally approached by cryptocurrency with several skepticism. Biden signed a relateral executive order on cryptocurrency in March 2022. years, a focused vault department to evaluate and develop regulations for the industry.

Leaders in the CRIPTO industry are also largely critical towards former securities and chairman of the Gansler Gensler replacement commission, which served under the birth.

Trump received a permanent ovation at the Bitcoin 2024 conference when he promised to suffer Gensler if he was elected. The president was nominated Paul AtkinsWhat was President Sec Under President George V. Bush and is an open CRIPTO Supporter, to take its place.