U.S. President Donald Trump has signed an executive order officially launching the U.S. Strategic Cryptocurrency Reserve. According to the announcement, this reserve will include XRP, Solana (SOL), and Cardano (ADA) – three cryptocurrencies prioritized in the U.S. government's blockchain development strategy.
In his latest statement, Trump emphasized that this policy aims to counter the “corrupt attacks” on the cryptocurrency industry under the Biden administration. He pledged to make the U.S. the “Crypto Capital of the World” while promoting the development of strategic blockchain projects.
This decision is based on Executive Order 14178, signed earlier this year to establish the President’s Working Group on Digital Asset Markets. Led by venture capitalist David Sacks, this group is responsible for developing regulatory frameworks and policies for the blockchain industry, including the establishment of a national cryptocurrency reserve.
Previously, many experts expected Bitcoin (BTC) to be the core asset in the U.S. cryptocurrency reserve. However, Trump’s selection of XRP, SOL, and ADA reflects a broader approach to blockchain technology. This move could pave the way for significant advancements in legalizing and fostering the growth of digital assets in the U.S.
With this initiative, the U.S. may create a new model for managing and utilizing cryptocurrencies, especially as more countries seek to leverage blockchain technology to innovate their financial