President Trump announced the five digital assets his administration wishes to include in the new U.S. crypto strategic reserve.
The President took to social media to declare his order, expressing his hope that it will make “the U.S. the Crypto Capital of the World.”
Trump stated that he “directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” adding to the list around an hour later, “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve.”
Following the announcement, the prices of the first three assets mentioned by Trump increased by as much as 62%.
Despite their recent challenges and devaluation, Bitcoin and Ether still rose by approximately 8%.
The first White House Crypto Summit, hosted by Trump, will be held on Friday.
By CEO NA Editorial Staff
