The post Trump Unveils U.S. Crypto Reserve, XRP, SOL, ADA, BTC and ETH Skyrocket appeared on BitcoinEthereumNews.com.

U.S. President Donald Trump has officially announced the creation of a U.S. Crypto Strategic Reserve—a first-of-its-kind initiative that aims to establish a government-backed reserve of digital assets. The market appreciated the news, with major assets sending hard. ADA jumped 62%. Initially, Trump revealed that XRP, Solana (SOL), and Cardano (ADA) would be included in the reserve, prompting a massive surge in the value of these tokens. However, in a surprising twist, Bitcoin (BTC) and Ethereum (ETH) were not mentioned in the first announcement, triggering widespread speculation and frustration within the crypto community. Trump’s follow-up post included BTC and ETH, to the relief of the crypto faithful, Source: X Within hours, Trump clarified in a follow-up post on Truth Social that BTC and ETH would indeed be part of the reserve, alongside XRP, SOL, and ADA. The market reaction was swift—Bitcoin surged past $91,000, Ethereum climbed over $2,400, and XRP, Solana, and Cardano saw double-digit percentage gains. Bitcoin jumped on the news, Source, Bitcoin Liquid Index Ethereum jumped on the news, Source, Ethereum Liquid Index XRP jumped on the news, Source, XRP Liquid Index Strategic Crypto Reserve: A Political Power Move? This announcement isn’t just about crypto—it’s a clear political statement. Trump framed the initiative as a direct countermeasure against the Biden administration’s “corrupt attacks” on digital assets, blaming his predecessor for creating an uncertain regulatory environment that has stifled innovation in the U.S. crypto sector. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” Trump declared. “We are MAKING AMERICA GREAT AGAIN by ensuring that we lead the world in blockchain innovation.” The executive order behind this initiative, titled “Strengthening American Leadership in Digital Financial Technology,” was signed in January. It outlines a pro-crypto, anti-CBDC stance, with strong support for blockchain…

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Filed under: News - @ March 2, 2025 6:12 pm