Trump signs executive order to create reserve fund for XRP, Solana (SOL) and Cardano (ADA)

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Trump signs crypto executive order
Trump signs crypto executive order

US President Donald Trump has just signed an executive order, officially launching the US Strategic Crypto Reserve. According to the announcement, this reserve fund will include XRP, Solana (SOL) and Cardano (ADA) - three cryptocurrencies prioritized in the US government's blockchain development strategy.

In his latest statement, Trump emphasized that this policy is aimed at combating the "corrupt attacks" on the cryptocurrency industry under the Biden administration. He pledged to make the US the "Crypto Capital of the World", while also promoting the development of strategic blockchain projects.

This decision is based on Executive Order 14178, signed earlier this year to establish the President's Working Group on Digital Asset Markets. Led by venture capitalist David Sacks, this group is tasked with developing the legal framework and policies for the blockchain industry, including the establishment of a national crypto reserve.

Previously, many experts expected BTC to be the core asset in the US crypto reserve. However, Trump's choice of XRP, SOL and ADA reflects a broader approach to blockchain technology. This could pave the way for important steps in legalizing and promoting the development of digital assets in the US.

With this move, the US may create a new model for managing and applying cryptocurrencies, especially as more countries seek to leverage blockchain technology to innovate their financial systems.

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