President Donald J. Trump has unveiled a major initiative to establish a U.S. Crypto Reserve, marking a significant shift in federal policy toward digital assets.
In a statement posted on Truth Social, President Trump announced that his Executive Order on Digital Assets has directed the Presidential Working Group to move forward with a Crypto Strategic Reserve, which will include XRP, Solana (SOL), and Cardano (ADA).
Trump criticized the previous Biden administration, accusing it of “years of corrupt attacks” on the cryptocurrency industry. He emphasized that his administration is committed to positioning the U.S. as the ‘Crypto Capital of the World’ and boosting innovation in the sector.
The move signals a potential turning point in U.S. crypto policy, with expectations for a more pro-crypto regulatory environment under the Trump administration. However, details on how the reserve will be structured and its impact on financial markets remain unclear.
The announcement has already stirred strong reactions from both crypto advocates and policymakers, with industry leaders closely watching how this initiative unfolds.
Stay tuned for further updates as the administration releases more details on this bold new initiative.
