President Donald Trump supports the idea of creating a federal reserve of cryptocurrency assets – he specifically mentioned XRP, Solana and Cardano, but not Bitcoin or Ethereum.
In January, Trump published a executive decree Calling for the training of a working group that would study and make recommendations concerning cryptographic policy, in particular “the potential creation and maintenance of a national stock of digital assets”.
The working group was supposed to “propose criteria to establish such a stock”, which could be “potentially derived from cryptocurrencies legally seized by the federal government thanks to its efforts to apply the law”.
In a post This morning on his social network Truth Social, Trump seemed to go further, clearly indicating that he wants to see the reserve become a reality.
“An American crypto reserve will raise this critical industry after years of corrupt attacks by the Biden administration, which is why my decree on digital assets ordered the presidential working group to move forward on a cryptographic strategic reserve which includes XRP, Sol and ADA,” wrote Trump. “I will make sure that the United States is the cryptographic world capital.”
Sunday morning, the prices of the three cryptocurrencies mentioned in the post of Trump increased by 20% or more.
As Trump recognized in his article, his decree seemed to defeat the regulatory framework for the cryptography set up by former president Joe Biden.
Under the Trump administration, the Securities and Exchange Commission seems to adopt a more friendly and more deregular position towards the industry, reject his trial Against Coinbase and declare that the same are not titles. (The value of the own corner of Trump has dropped since its inauguration.)
Trump also signed an executive decree calling for the creation of an American sovereign fund which, according to him, could be used to buy Tiktok.
