Trump Proposes US Crypto Reserve with XRP, SOL, ADA

Generated by AI AgentCoin World
Sunday, Mar 2, 2025 10:41 am ET1min read
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President Donald Trump has proposed the establishment of a US Crypto Reserve, aiming to position the United States as a global hub for digital assets. In a significant move, the initiative includes the integration of three prominent cryptocurrencies: Ripple's XRP, Solana's SOL, and Cardano's ADA.

The proposal comes in response to what Trump has characterized as attacks on the crypto industry by the Biden Administration. The proposed reserve seeks to strengthen the digital asset sector in the United States, with a focus on fostering innovation and growth in the domestic market.

The plan specifically highlights the inclusion of XRP, SOL, and ADA as key components of the proposed reserve structure. These cryptocurrencies have gained significant traction in the market, with XRP being the third-largest cryptocurrency by market capitalization, SOL ranking among the top 10, and ADA also holding a strong position in the top 10.

In January, President Trump reportedly planned to prioritize crypto as a national policy, focusing on creating a strategic reserve with US-based coins and proposing a more crypto-friendly SEC Chair. The latest proposal builds on this earlier initiative, demonstrating Trump's commitment to the growth and development of the crypto industry in the United States.

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