Donald Trump provoked A riot of cryptocurrency trading and allegations of bias on Sundays after determining some of the possible coins in the future. US strategic cryptocurrency reserve. Besides Bitcoin, Trump said that XRP, Solana, Cardano and Ether will be considered to be included.
The US cryptocurrency reserve will improve this important industry after many years of corruption attacks of the Biden government, which is why my executive command for the Digital Property has directed the President's working team to advance to a cryptocurrency strategic reserve including XRP, SOL and ADA, wrote Trump in a social truth. parcel On Sunday.
And, obviously, BTC and ETH, like other valuable cryptocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum! He Added Two hours later, perhaps to soothe the tribes he forgot toast.
ONE Executive command Signed by Trump in January, it was appointed that cryptocurrencies other than Bitcoin will be put into a reserve, but the president has not yet determined which money is being considered. (The government has not confirmed how big the reserve will be, or where the coin will come from.)
Catching this new information, cryptocurrency traders have been ranked in the coins pointed out by Trump, resulting in a strong but temporary collision in terms of price from 9 to 65 %. The main currencies have since returned to the same price as before the notice.
In cryptocurrencies, while the question has become: Why did Trump choose these special currencies? The case for a Bitcoin reserve is determined based on The assumption was very blamed That Bitcoin price increases will compensate for losses in spending from inflation. But what makes these other currencies have very fluctuated prices.
The White House Press Office did not answer immediately asking for a comment.
Some members of the cryptocurrency industry, especially BitcoinersSuspecting that Trump's decision was colored by the money thrown by specific cryptocurrencies at the US 2024 election.
In the election, cryptocurrency businesses The funnel is more than 150 million dollars In super political action committees established to support the National Assembly candidates to support Crypto, many of them are the Republican Party. Among the most generous sponsors, there is a cross -border payment company Ripple, who has services based on XRP, A16Z venture capital company, formerly before. Invest in solanaand consensys software company, run by One of the co -founder of Ethereum.
Finally, I believe that the government will understand that putting a company's notification code into another company into a strategic reserve. Only Bitcoin has no company to monitor it, and on the bar is considered a strategic property, he declared Cory Kippsten, the founder of the trading platform with only Bitcoin Swan Bitcoin. If politicians completely return the incentives from the final election cycle to their cryptocurrency sponsors, they may add altcoin to a sovereign asset fund.
If the US government buys large amounts of coins to fill in the reserve, the price of each person is likely to increase. In this regard, their consistency entering the reserve looks very similar to a government allowance, Patrick Hillmann, former strategic director at Crypto Exchange Binance. But the preferential treatment was warranted, he argued, in the light of Receiving hostile with US cryptocurrency businesses By regulatory agencies under the Joe Biden government.