ADA Beats XRP and SOL After Trump's Bold Crypto Plan

The Cardano price pump will make ADA holders very happy today. We are looking at a 60% surge and ADA is now back above $1.

The Cardano price pump will make ADA holders very happy today. We are looking at a 60% surge and ADA is now back above $1. This impressive jump has put Cardano ahead of both XRP and Solana in daily gains, which is no small feat.

For context, we are looking at a 20% price increase for XRP and a 30% gain for SOL. These impressive daily gains come after Donald Trump discussed the creation of a U.S. Crypto Reserve. This would be part of a Crypto Strategic Reserve, which he claims would include XRP, SOL (Solana), and ADA (Cardano).

Trump went on to criticize the Biden administration for how they’ve handled crypto regulation. He says his executive order on digital assets will make the U.S. the “Crypto Capital of the World.”

This news seems to be having a stronger impact on some coins over others.

Trump’s Stance on Cryptocurrency Evolves

The former president’s views on cryptocurrency have shifted over time. Initially, he expressed disdain for digital currencies, famously calling Bitcoin a “scam.” He also voiced concerns about crypto posing a threat to the U.S. dollar.

However, as the political landscape shifted and the crypto industry gained momentum, Trump gradually displayed a more favorable attitude towards digital assets.

If Trump’s statements about a U.S. Crypto Strategic Reserve are true, then this would signify a substantial shift in the U.S.’s approach to crypto. It would essentially indicate that the government views cryptocurrencies as valuable national assets. This contrasts with Biden’s administration, which has focused on imposing stricter regulations on the crypto industry.

Trump’s administration largely ignored cryptocurrencies during its term, largely continuing the status quo set by previous presidents. However, Biden has taken a more active interest in crypto regulation. His administration has proposed new rules for crypto exchanges and plans to introduce a legal framework for stablecoins.

Despite this attention, Trump claims that Biden is doing a poor job and that the U.S. is falling behind other nations in the crypto race. He criticizes both Democrats and Republicans for mishandling the industry and stifling innovation.

Trump: 'Crypto Capital of the World'

The GOP presidential candidate says he will take a different approach, quickly making the U.S. the global leader in digital assets. He aims to achieve this through an executive order that will introduce a clear legal and regulatory framework for cryptocurrencies.

To emphasize his point, Trump stated that his administration will create a Crypto Strategic Reserve. This reserve will reportedly include a selection of major cryptocurrencies, which he explicitly named as XRP, Solana, and Cardano.

He explained that this reserve is part of a broader strategy to safeguard and strengthen the U.S. economy. It seems like a jab at Biden, who Trump claims is focused on shutting down crypto.

"We'll be creating a Strategic Crypto Reserve, including XRP, Solana, and ADA, to safeguard and strengthen the U.S. economic hegemony," Trump announced on X, formerly Twitter.

This statement was met with enthusiasm by crypto enthusiasts, particularly those invested in XRP, Solana, and Cardano, as it showcases Trump's pro-crypto stance and contrasts with Biden's administration.

Coins Mentioned in Trump's Post Today

If Trump's claims are true, then this would be a huge shift in the U.S.'s approach to crypto. It would essentially indicate that the government views cryptocurrencies as valuable national assets. This contrasts with Biden's administration, which has focused on imposing stricter regulations on the crypto industry.

Trump's administration largely ignored cryptocurrencies during its term, largely continuing the status quo set by previous presidents. However, Biden has taken a more active interest in crypto regulation. His administration has proposed new rules for crypto exchanges and plans to introduce a legal framework for stablecoins.

Despite this attention, Trump claims that Biden is doing a poor job and that the U.S. is falling behind other nations in the crypto race. He criticizes both Democrats and Republicans for mishandling the industry and stifling innovation.

Trump: 'Crypto Capital of the World'

The GOP presidential candidate says he will take a different approach, quickly making the U.S. the global leader in digital assets. He aims to achieve this through an executive order that will introduce a clear legal and regulatory framework for cryptocurrencies.

To emphasize his point, Trump stated that his administration will create a Crypto Strategic Reserve. This reserve will reportedly include a selection of major cryptocurrencies, which he explicitly named as XRP, Solana, and Cardano.

He explained that this reserve is part of a broader strategy to safeguard and strengthen the U.S. economy. It seems like a jab at Biden, who Trump claims is focused on shutting down crypto.

"We'll be creating a Strategic Crypto Reserve, including XRP, Solana, and ADA, to safeguard and strengthen the U.S. economic hegemony," Trump announced on X, formerly