XRP jumps 40 %, SOL 70 %, as President Trump asserts “Strategic Reserve for encryption” – TradingView News

US President Donald Trump has issued a sudden announcement of the social media platform, and Truth Social, saying that Bitcoin (BTC), ETHEREUM (ETH), XRP, Solana (Sol), Cardano (ADA), and “other other cryptocurrencies” will be added to the country’s strategic encryption reserve. The first details of the initiative paid the price of XRP about 40 percent, while Cardano (ADA) increased by about 70 percent.

Melidarity of the United States encryption

It is interesting that the first publication only mentioned three encrypted currencies: XRP, Sol and Ada. However, the president explained in a follow -up post that BTC and ETH will also be included in the reserve, adding that these digital assets “will be the heart of the reserve.”

He also stated: “I love Bitcoin and Ethereum!”

“The US encryption reserve will strengthen this critical industry after years of corrupt attacks by the Biden administration, which is why my executive request for digital assets has directed the presidential work group to move forward in a strategic coding reserve that includes XRP, Sol and Ada.” “I will make sure that the United States is the world of encryption in the world.”

However, the federal reserve position on the expected “strategic reserve” is still unclear.

Screen snapshot of the Donald Trump Center on the social truth

XRP keeps an increase

Trump’s injection of optimism in the encrypted currency market. ADA led this gathering, getting about 70 percent within minutes, while Sol jumped by 25 percent.

The value of XRP, which was struggling around the support level, increased to $ 2.96, an increase of about 40 percent.

XRP jump after the position of President Trump on the American Crypting Reserve; Source: Coingecko

Fulfill the promise of the campaign

Trump’s latest publication is repeated by his campaign, his campaign “Bitcoin Strategic Strategic”, which was unveiled at the Bitcoin 2024 conference in Nashville, Tennessee. In this event, he described himself as the first “chief encrypted”.

“If I am elected, my administration’s policy – the United States of America – will be to maintain 100 % of the total bitcoin currently maintaining the government in the future. He said at that time.

“I hope you are fine, at least. This will actually serve the essence of the strategic national bitcoin stock.”

Interestingly, Trump continued most of his promises to his campaign, including those related to encrypted currencies. Earlier, he ordered the formation of a digital asset working group to explore encrypted currency regulations.

Moreover, the temporary appoinals – which heads two major organizational agents in the United States, the Securities and Stock Exchange Committee (SEC) and the CFTC Futures Trading Committee – showed a positive attitude towards encrypted currencies. During the era of the Acting Chairman, Mark Uida, the Securities and Stock Exchange Commission fell a lawsuit against Coinbase and also also against Binance. It even ended the agency in Gueini and several other encryption platforms.