In a historic move, President Donald Trump has unveiled plans to establish the first-ever U.S. cryptocurrency reserve, a decision that has already sent shockwaves through the digital asset market. On Sunday, the president made the announcement, fulfilling a campaign promise to position America as a global leader in the crypto revolution.
Bitcoin, though not included in the reserve, saw an immediate surge, nearing the $90,000 mark as investors responded to the administration’s embrace of digital currency. Meanwhile, several cryptocurrencies earmarked for the reserve—Ripple’s XRP, Solana (SOL), and Cardano (ADA)—exploded in value, jumping more than 50% in just hours after the announcement.
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Trump’s Long-Standing Crypto Vision
President Trump has been an outspoken supporter of cryptocurrency, courting industry leaders throughout his campaign. Major figures in the digital finance world, including former PayPal executive David Sacks, billionaire Bitcoin advocate Michael Saylor, Coinbase CEO Brian Armstrong, and the Winklevoss twins, were among those backing his vision.
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