In what could be a major step for digital assets in the United States, President Donald Trump officially announced on Sunday the creation of a “strategic coding reserve”.
“The capital of encryption in the world”
This initiative, which is shown in its last executive on digital assets, aims to include cryptocurrencies such as XRP, Solana (SOL) and Cardano (Ada).
On March 2 mailTrump stated: “An American encryption reserve will raise this critical industry after years of corrupt attacks by the Biden administration.” He expressed its determination to the United States' position as the “world of encryption capital in the world”, where the promise of the campaign, which was the cornerstone of the presidential platform for the year 2024.
This announcement follows Trump's former executive order entitled “Promoting US leadership in digital financial technology”, signed on January 23, whose management support for BLOCKCHAIN technology and digital assets.
While the executive order called for an exploration of the US dollar -backed Stablecoins and explicitly prohibited the entry of the Central Bank of the Central Bank (CBDC), it has not established an official reserve for encryption in the United States.
Instead, she directed more study on the feasibility of such a reserve, indicating that the concept was part of Trump's ongoing discussions since the launch of his presidential campaign.
Bitcoin Champions Champions
While Trump's suggestion focuses on the inclusion of XRP, Sol and Ada in the proposed reserve, some legislators are defending an approach focusing on bitcoin.
Senator Cinema Lomes, a Wyoming Republican, was a sound supportive to create a national inventory of strategic bitcoin. It submitted a bill calling the United States to obtain a million bitcoin as part of this initiative.
In a conversation conference Lummis, hosted by Crypto Anthony Box, has recognized the slow progress in her suggestion, indicating that the state is likely to implement a strategic reserve for bitcoin before the federal government does.
“Countries are incubators for innovation,” which has found a highlight of the possibility of state governments to take the initiative to adopt the encrypted currency.
At the time of writing this report, XRP, Sol and Ada all witnessed an important upward movement after the Trump post. XRP is trading, for example, at $ 2.88, an increase of approximately 30 % in the last hour. Solana followed a similar increase, with a 20 % increase in the last hour, pushing Altcoin above the level of $ 170.
However, Cardano was the highest winner in the same time frame, with an increase of 52 % that sent the price to an increase near the $ 1 sign. Currently, ADA is trading at $ 0.98.
Distinctive photo from the BBC, the tradingView.com chart
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