US President Donald Trump instructed the Presidential Working Group to create a crypto strategic reserve including digital assets such as XRP, Solana (left) and Cardano (island). This move aims to lead the US to the leader in global digital asset innovation.
What is Crypto Strategic Reserve?
The crypto strategic reserve announced by the Trump administration aims to make the US more integrated into the digital asset ecosystem. While the Presidential Working Group started a study for the creation of this reserve, US -based crypto projects such as XRP, Left and Ada were highlighted.
This move shows that it wants to strengthen the US financial infrastructure and accept crypto currencies as a strategic class of assets. In particular, the election of XRP, Solana and Cardano is considered as a reflection of support for US -based block chain projects.
Effects and Price Movements on the Market
This statement led to significant fluctuations in the crypto market. Especially the prices of assets that will be included in the reserve showed harsh rise in a short time.
- The XRP price increased by 35 %and reached $ 3.
- Cardano (island) increased by 78.5 %to $ 1.15.
- Solana (left) exceeded the resistance level of $ 150 and increased by 28 %to $ 180.
These rises reveal that investors react strongly to the announcement. The inclusion of XRP in the list strengthened the idea of creating a diversified reserve in the crypto market, especially criticized by Bitcoin supporters.
Why didn’t Bitcoin be included in the list?
Ripple CEO Brad Garlinghouse, arguing that the crypto strategic reserve should not only be composed of Bitcoin, said that a wider pool of digital assets should be created. The Trump administration’s turning to beings such as XRP, island and left instead of Bitcoin shows that a more diversified reserve strategy is monitored.
Bitcoin maximalists argue that crypto reserve should be Bitcoin based, but the Trump management tends to support a wider ecosystem that includes XRP, Solana and Cardano. This decision shows that the US is preparing to encourage the US block chain innovations more.
The US aims to strengthen in the crypto market
This move of the Trump administration is considered part of the strategy of making the US a leading player in the crypto currency world. The implementation of the Crypto Strategic Reserve may increase the adoption of projects such as XRP, island and left and strengthen the position of US -based block chain initiatives in the global market.
In the coming period, the impact of the steps taken by the US government on crypto currencies on legislation, institutional investment and market dynamics will be closely monitored.
