Trump Announces 'Crypto Strategic Reserve' Including Bitcoin, Ethereum, XRP, Solana, and Cardano

U.S. President Donald Trump announced the inclusion of Bitcoin, Ethereum, XRP, Solana, and Cardano in a proposed "Crypto Strategic Reserve." The announcement, made on his Truth Social platform on Sunday, led to a surge in the prices of these cryptocurrencies. Cardano experienced a jump of over 70%, while XRP and Solana increased by more than 35% and 20%, respectively. Bitcoin and Ethereum also saw gains of over 20%. Trump's executive order in January explored creating a "strategic national digital assets stockpile." He stated the move would "elevate" the industry after alleged "corrupt attacks" by the Biden administration. Trump aims to position the U.S. as the "Crypto Capital of the World." Since taking office, Trump's administration has moved to reverse regulatory actions initiated by the previous administration. The Securities and Exchange Commission recently dropped civil charges against Coinbase, following similar actions regarding Binance, OpenSea, Robinhood, and Uniswap. Trump is scheduled to host the first White House Crypto Summit on Friday.