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Trump announces the names of 5 encrypted currencies within America’s strategic reserves economy

manhattantribune.com by manhattantribune.com
3 March 2025
in Business
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Trump announces the names of 5 encrypted currencies within America’s strategic reserves economy
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US President Donald Trump announced the names of 5 encrypted currencies expected to be included in the new American strategic reserve, which raised their value immediately yesterday evening.

Trump said on social media that his executive order in January on digital assets would lead to a stock of currencies, including Bitcoin, Ethereum, XRP, SOL and ADA, and the names of these currencies have not been announced before.

Rises

  • Bitcoin increased 7% to 91 thousand and 960 dollars in the last 24 hours in the latest transactions.
  • Ethereum rose 4.78% to $ 2348.8.
  • XRP rose 14% to $ 2.58.
  • Solana increased 11.24% to $ 160.33.

Trump said that his executive order gave “a directive to the presidential work group to move forward in the strategic reserves of encrypted currencies that include Ribel, Solana and Cardano. I will make sure that the United States is the capital of encrypted currencies in the world.”

And more than an hour later, Trump said in another post, “Bitcoin and Ethar will undoubtedly be in the heart of the reserve, like other valuable digital currencies.”

to support

Trump was supported by the encrypted currency industry during his election campaign in 2024, and he soon moved to support industry policy priorities.

https://www.youtube.com/watch?v=z_qrnsakfui

During the era of former President Joe Biden, the organizational bodies imposed strict restrictions on encrypted currencies in an attempt to protect Americans from fraud and money laundering.

However, the value of the cryptocurrencies has decreased strongly in the past few weeks, with the loss of the largest digital currencies all its gains after Trump’s victory in the elections.

Tags: Americasannouncescurrencies..economyencryptednamesreservesstrategicTrump
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