US President -elect Donald Trump has announced the establishment of a strategic American reserve, a step that reflects a major shift in the government’s position towards digital assets, according to a report published by Forbes.
This step – according to Forbes – is a fundamental shift in the government approach to digital currencies, as Bitcoin (BTC), Ethereum (ETH), XRP and Cardano (ADA) are combined into the American financial structure.
The US government has always had a conservative position towards digital currencies in the past due to concerns related to severe fluctuations, security risks, and organizational uncertainty, but this decision indicates a major reassessment of these assets.
Why do these digital currencies specifically?
According to the report, the choice of these currencies was not random, but rather based on their strategic roles in the digital economy:
- Bitcoin (BTC): It is known as “digital gold”, and is used as a tool to hedge against inflation and saving value.
- Etherium: The basis for decentralized financing (Defi) is used in the development of smart applications.
- XRP: It features speed and efficiency in international financial transfers, making it an attractive choice for financial institutions.
- Kardano: It depends on a scientific approach to developing the infrastructure of the blockchain, which enhances its ability to use in identity management and financial governance.
In his statement, Trump said: “The establishment of strategic digital currency reserves will enhance this industry after years of corrupt attacks,” Trump said in his statement. He also confirmed that he had instructed to move forward in the new project that includes XRP, Soliana and Cardano ADA.
An immediate effect on the market
The advertisement caused a sharp rise in digital currency rates, where:
- Bitcoin increased by 9%, exceeding 93 thousand dollars.
- Ethereum jumped by 11% to $ 2,500.
- XRP increased 30% to $ 2.80.
- Cardano was the biggest winner, as he jumped by 60% exceeding $ 1.
Decision repercussions
This step is part of a broader strategy to make the United States a leader in financial technology, as the Trump administration seeks to integrate digital assets into the traditional financial system.
“This is an important recognition of the role of blockchain technology in America and the role of digital currencies as an engine for this development.”
Besides, this decision may have repercussions on the role of the US dollar globally. With the increase in the number of countries heading towards digital currencies and decentralized financial technologies, the dominance of the dollar may face new challenges. However, by adopting digital currencies instead of resisting it, the United States may maintain its leadership of global financial markets.
Financial organization
While this step enhances the legitimacy of digital currencies, it may lead to an increase in organizational regulations, which may be a two -border weapon for investors and companies.
In this context, the report warned that these upcoming organizational regulations may affect trading, taxes and institutional investment mechanisms, noting that these measures will form the future of the digital financial sector inside and outside America.
How will the United States manage digital currency reserves?
There are still many questions about how to manage the new digital reserve, how these assets will be used, and whether more digital currencies will be added to it.
But it is clear that this step places digital currencies at the heart of the American economic strategy, which opens the door to a new era of digital financing and global trade.
