President Donald Trump throws his support after the creation of the Federal Reserve Bank of Cryptocurrency Assets. He first emphasized XRP, Solana and Cardano for inclusion, and later Bitcoin and Ethereum would also be “obvious”.
In January, Trump announced an administrative order that requires the formation of a working group that recommends encryption policies, including “potential creation and maintenance of national digital asset stocks.”
The working group said, “We must propose standards for such reserves.”
On Sunday morning, in his post on his social network truth, Trump seemed to go further and made it clear that he wanted to be a reality.
Trump said, “US Crypto Reserve will enhance this important industry with the years of corrupt attacks of Biden Administration, so my executive order for digital assets has been instructed for the presidential group to move forward with encryption strategy, including XRP, SOL and ADA. “I will confirm that the United States is the capital of the world.”
As of publishing time, the price of the three cryptocurrencies mentioned in Trump’s post has increased by more than 20%. Then he wrote in the subsequent post: I also like Bitcoin and Ether Leeum! ”
As Trump admitted in his position, his administrative order seemed to cancel the cryptographic regulation framework implemented by President Joe Biden.
In accordance with the Trump administration, the Securities and Exchange Commission took a friendly and regulated position on the industry, dismissing a lawsuit against Coinbase, and declared that the memo was not securities. (Trump’s own $ Trump coin has plunged since his inauguration.)
Trump has also signed an executive order calling for the creation of the US sovereign asset fund, which said it could be used to purchase Tiktok.
This post has been updated to reflect Trump’s subsequent message mentioning Bitcoin and Ethereum.
