Trump calls for the creation of a “strategic coding reserve”

President Donald Trump throws his support behind a federal reserve creation of encrypted currency assets – he mentioned specifically XRP, Solana and Cardano, but not Bitcoin or Ethereum.

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 This morning on his social network, Trump seemed further, explaining that he wanted 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 on Sunday morning, the prices of the three cryptocurrencies mentioned in the Trump publication increased by 20 % or more.

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.

According to the Trump administration, the Securities and Stock Exchange Committee appears to take a more friendly stance towards this 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.