President Trump Greenlights the Creation of a US Strategic Crypto Reserve

As part of his effort to make the US the crypto capital of the world, President Trump has greenlit the creation of a US Strategic Crypto Reserve.

President Trump has greenlit the creation of a US Strategic Crypto Reserve, which will consist of five major crypto assets: BTC, ETH, XRP, SOL, and ADA.

The Strategic Crypto Reserve will be formed as part of Trump’s efforts to make the US the crypto capital of the world.

“A U.S. Strategic built to elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Program that includes XRP, SOL, and ADA,” announced Trump via his Truth Social Website.

“I will make Sure the US is the Crypto Capital of the World WE ARE MAKING AMERICA GREAT AGAIN!”

The move follows after Trump’s Executive Order 14178 (Strengthening American Leadership in Digital Financial Technology), in which he constituted the President’s Working Group to evaluate the “creation and maintenance of a U.S. digital asset stockpile.”

After the President’s initial post, Bitcoin maximalists felt left behind, considering that BTC has always been considered as the most typical and profitable asset for a U.S. digital asset stash. An hour later, Trump followed up with another post, including BTC and ETH as part of the Strategic Crypto Reserve.

“And obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Strategic built. I also love Bitcoin and Ethereum,” added Trump.

According to Trump’s announcement, the Working Group could take a progressive approach with the Strategic Crypto Reserve, adding more crypto assets as deemed fit.

Named Assets Rally Following US Strategic Crypto Reveale

The market reacted positively towards the assets named in Trump’s Strategic Crypto Reveale. Bitcoin, which had maintained a downward trend for the past week, suddenly rallied over 12% from $85k to $95k within three hours of the news.

Similarly, ETH also took off from less than $2.20k to $2.55K, adding a massive 16%, while XRP moved swiftly from around $2.45 to $2.9, also gaining 16%.

SOL surged over 21% from $140 to $177, while ADA saw the most explosive gains, over 46%, from $0.6 to $1.12.

Industry top dogs continue to weigh in on the Strategic Crypto Reveale. Coinbase CEO, Brian Armstrong said he thinks only Bitcoin would “probably be the best option” for the digital asset stockpile, since it directly rivals gold as a digital store of value.

“If folks wanted more variety, you could do a market cap weighted index of crypto assets to keep it unbiased,” he added, emphasizing that Bitcoin is the easiest option.In addition, American Businessman and Trump’s second son, Eric Trump, applauded the announcement of the Strategic Crypto Reveale “on a Sunday, when traditional markets are closed and Wall Street sleeps.” The younger Trump counts it as a win for retail investors and urged Traditional finance to catch up with the pace or get extinct very soon.