Trump Announces U.S. Crypto Reserve, Backs Bitcoin And Ethereum

Donald Trump has announced a U.S. Crypto Reserve, pledging support for Bitcoin, Ethereum, Ripple, Solana, and Cardano to strengthen America’s position in the crypto industry.

The President of the United States, Donald Trump, has revealed plans to establish a U.S. Crypto Strategic Reserve, incorporating Bitcoin and other cryptocurrencies.

In a statement released on his Truth Social platform late Sunday, Trump emphasized his commitment to positioning the United States as the global leader in cryptocurrency. He listed several digital assets, including Ripple (XRP), Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH), as part of the initiative.

The President strongly criticized the previous administration under Joe Biden, accusing it of hindering the growth of the crypto sector through restrictive policies. He argued that his administration’s approach would bolster the industry and foster innovation.

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes Ripple (XRP), Solana (SOL), and Cardano (ADA). I will make sure the U.S. is the Crypto Capital of the World,” Trump declared.

He further affirmed that Bitcoin and Ethereum, being among the most valuable digital currencies, would play a central role in the reserve. Expressing his personal support for these assets, he added, “And, obviously, Bitcoin (BTC) and Ethereum (ETH), as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!”

During his campaign, Trump assured that his administration would secure and retain all Bitcoin holdings belonging to the U.S. government.

“If I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future,” he pledged.

Additionally, he announced plans to establish a “Bitcoin and Crypto Presidential Advisory Council” to shape regulations favorably for the industry.

“The rules will be written by people who love your industry, not hate your industry,” Trump told supporters during his campaign.

With these declarations, Trump has positioned himself as a staunch advocate of cryptocurrency, promising to create a regulatory environment that encourages growth and innovation in the sector.

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