Trump calls for the creation of a “strategic coding reserve”
President Donald Trump throws his support behind a federal federal reserve creation – initially highlights XRP, Solana and Cardano to include, then add Bitcoin and Ethereum later.
In January, Trump released Executive order Call to form a working group that would Study and provide recommendations on the encryption policyIncluding “a possible and maintenance of national digital assets.”
The working group was supposed to “propose criteria for establishing such a stock”, which could be “derived from encrypted currencies that have been legally seized by the federal government through law enforcement efforts.”
in publication Sunday morning on his social network, Trump appears to go further, explaining that he wants to see the reserve a reality.
“The American encryption reserve will raise this critical industry after years of corrupt attacks conducted by the Biden administration, which is why my executive request for digital assets has directed the presidential work group to move forward in a strategic coding reserve that includes XRP, Sol and Ada,” Trump wrote. “I will make sure that the United States is the world of encryption in the world.”
As of the time of publication, the prices of the three cryptocurrencies mentioned in the Trump publication increased by 20 % or more. Then he wrote in follow -up mail“It is clear that BTC and ETH, like other cryptocurrencies, will be the heart of the reserve. I also love bitcoin and ethereum!”
Trump also admitted to his position, his executive command appeared to be directed to retreat from the regulatory framework of the encryption that former President Joe Biden has developed.
Under the Trump administration, the Securities and Stock Exchange Committee took a more friendly and beating position towards the industry, Refusal Against coinbase and announce that Memecoins It is not securities. (Trump’s private currency value He decreased since his inauguration))
Trump also signed an executive order calling for this Create an American sovereign wealth box He said it could be Used to buy Tijook.
This post has been updated to reflect the Trump follow -up message that states Bitcoin and Ethereum.
