US President Donald Trump on Sunday unveiled plans for a US Crypto Strategic Reserve, featuring three major cryptocurrencies—XRP (Ripple), SOL (Solana), and ADA (Cardano). The announcement sparked a market rally, with these digital assets surging between 10% and 35%.
Crypto policy
Trump’s move follows his January executive order directing the Presidential Working Group to establish a strategic reserve for digital assets. Declaring his vision to make the US the “Crypto Capital of the World,” Trump signalled a stark departure from the previous administration’s regulatory crackdowns, which focused on fraud prevention and anti-money laundering measures.
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Despite a recent slump in crypto prices, analysts believe Trump’s policy shift could reignite investor confidence, especially if paired with Federal Reserve rate cuts or further pro-crypto initiatives. However, the exact structure of the Crypto Strategic Reserve remains unclear. Legal experts debate whether it requires Congressional approval or if it could be implemented via the US Treasury’s Exchange Stabilization Fund. There’s also speculation that seized digital assets from law enforcement actions could be incorporated into the reserve.
Trump is set to host the first-ever White House Crypto Summit on Friday, further reinforcing his administration’s pro-crypto stance. As the US government deepens its engagement with digital assets, all eyes will be on upcoming regulatory developments and their impact on the industry.
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