U.S. President Donald Trump has announced the inclusion of five digital assets in a new U.S. strategic cryptocurrency reserve, sending market values soaring. Revealing this on social media, Trump identified Bitcoin, Ether, XRP, Solana, and Cardano as part of the reserve, following his January executive order on digital assets.
Trump’s announcement, made through Truth Social, signals a potential shift in U.S. government participation in the crypto economy. Industry experts suggest this could accelerate institutional adoption and enhance regulatory clarity, positioning the U.S. as a leader in digital asset innovation.
Analysts are debating whether congressional approval is necessary for the reserve’s establishment, as the U.S. Treasury’s Exchange Stabilization Fund might suffice. Meanwhile, prices for major cryptocurrencies fell, erasing previous gains, against a backdrop of expected regulatory changes under Trump’s administration.
(With inputs from agencies.)