A stockpile of currencies including Bitcoin, Ethereum, XRP, Solana and Cardano would be created after an executive order on digital assets, said Donald Trump.
Cryptocurrency prices have jumped after Donald Trump revealed he would like Bitcoin and other lesser-traded tokens to be in a new US strategic crypto reserve. He said his January executive order on digital assets would create a stockpile of currencies including Bitcoin, Ethereum, XRP, Solana and Cardano . The names had not previously been announced.
This is the first time Mr Trump has specified his support for a crypto 'reserve' rather than a 'stockpile'. While the former assumes actively buying crypto in regular installments, a stockpile would not sell any of the crypto currently held by the US government. Mr Trump is hosting the first White House Crypto Summit on Friday, and investors will be watching closely for more clues about the direction of the reserve plans.
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