U.S. President Donald Trump recently announced the establishment of a U.S. Crypto Strategic Reserve, initially specifying that it would include cryptocurrencies such as XRP (associated with Ripple), Solana (SOL), and Cardano (ADA). He later clarified that Bitcoin (BTC) and Ethereum (ETH) would also be integral to this reserve. This initiative aims to position the United States as the “Crypto Capital of the World.”
Following the announcement, the cryptocurrency market experienced significant surges:
Bitcoin (BTC): Increased by approximately 8% to $90,828.
Ethereum (ETH): Rose by 8.3% to $2,409.
XRP: Jumped 32.7% to $2.85, the highest price in over a week.
Solana (SOL): Increased by 21.1% to $169.60.
Cardano (ADA): Surged by 62.6% to reclaim the $1 mark, its highest price in nearly a month.
This strategic move reflects a significant shift in U.S. policy toward digital assets, contrasting with previous regulatory approaches. The administration plans to host the first White House Crypto Summit this month, signaling further support for the industry.
