Today, President Trump revealed several cryptocurrencies he intends to include in a newly established Crypto Strategic Reserve, created through an executive order he signed. Key assets like Bitcoin and Ether are set to be central to this reserve, while XRP, Solana, and Cardano will also play significant roles. This marks a shift in stance from the SEC under Trump's administration, which is easing scrutiny on cryptocurrencies. Notably, XRP faces ongoing legal challenges regarding its classification as a security, despite a recent ruling interpreting its status differently for institutional sales.
In a pair of social media posts today, President Donald Trump named some cryptocurrencies he says will be part of a Crypto Strategic Reserve being created by an executive order he signed in January.
Trump said in the first of his two Truth Social posts that his order "directed the Presidential Working Group to move forward on a Crypto Strategic Reserve" that also includes XRP, Solana (SOL), and Cardano (ADA)...
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