While Donald Trump unveiled an American cryptocurrency reserve made up of Ada, XRP and soil, he caught up, adding that the BTC and the ETH would also be part of it. After a week of decline, this announcement gave colors to the market.
Donald Trump presents the American cryptocurrency reserve
It was one of Donald Trump's campaign promises, initiated by Wyoming Senator Cynthia Lummis and put forward at the Bitcoin 2024 conference in Nashville: A Bitcoin Strategic Reserve (BTC) in the United States. Once the victory was obtained, this idea finally began to move towards that of a reserve of American cryptocurrencies.
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While the weeks passed and the subject no longer seemed to be a priority, Donald Trump finally ended the suspense on Sunday evening. For him, this cash flow will be necessary, in order to “to note this crucial sector after years of corrupt attacks from the Biden administration“:
This is why my decree on digital assets asked the presidential working group to move forward on a cryptographic strategic reserve which includes XRP, Sol and ADA. I will make sure that the United States is the world capital of cryptos. We give back to America its greatness!
At first glance, this announcement has something to surprise, since there is no mention of Bitcoin. However, the president caught up almost 2 hours later, by specifying that the BTC and the ETH would obviously be part of this reserveand that he also loved Bitcoin and Ethereum:
Adald Trump's announcement concerning the crypto reserve in the United States
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After a difficult week, the effect of the advertisement was not expected on the prices of the cryptocurrencies concerned. When writing these lines, while the BTC and the ETH earn 8.7 % and 10.8 % respectively in 24 hours, the soil resumes 19.4 %, the XRP displays 25.4 %, while the Cardano ADA achieves an impressive increase of more than 60 %:
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Despite everything, this news has not yet been enough to fill the losses of the week for the BTC and the ETH specifically.
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While The terms of this famous American cryptocurrency reserve must still be specifiedthis should cause a lot of ink to flow in the coming weeks, both on the positive aspect of the potential capital entries, as on fears about governance and interference on the active workers concerned.
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Source: Truth Social
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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