President Trump said Sunday that the U.S. will create a “crypto reserve” that will include digital assets XRP, Solana, and Cardano. But he didn’t mention Bitcoin, the asset that he’d previously pledged to create a national reserve around.
Writing on his social media platform Truth Social Sunday, the president added that the move was a bid to make the country the “crypto capital of the world.”
“A U.S. Crypto Reserve will 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 Reserve that includes XRP, SOL, and ADA,” he wrote. “I will make sure the U.S. is the crypto capital of the world.”
All three assets have skyrocketed in value since Trump’s post was published. XRP has jumped 21% in the last 24 hours to a price of $2.61—the highest price in more than a week. Solana has spiked 12.5% to $158, while Cardano is up a whopping 37% to $0.87, its highest price in nearly a month.
Even Bitcoin is rising, despite the lack of mention in Trump’s post. It’s up more than 3% to a current price of $87,445.
Editor’s note: This is a breaking news story and will be updated.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Source: https://decrypt.co/308413/trump-crypto-reserve-xrp-solana-cardano
