Yesterday President Trump confirmed on his social network, Truth Social, that there will be a US crypto reserve, saying the coins it will invest in are XRP, ADA (Cardano) and SOL (Solana). That was followed by adding Bitcoin and Ethereum, presumably an oversight in the first message.
In an executive order during the first week of his current term, he said a working group would explore whether to create such a reserve, and the coins may come from asset seizures. The working group only convenes later this week as part of a White House Crypto Summit.
Since yesterday’s announcement, SOL is up 11%, XRP 14% and ADA 44%.
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