As part of the ongoing changes brought about by new US President Donald Trump, it’s been announced that there will be a new Crypto Strategic Reserve launched. Now, we know what will be part of that reserve.
In posts to the Truth Social network, Trump said that his executive order will see the Presidential Working Group move forward on the reserve with Bitcoin, XRP, Solana (SOL), and Cardano (ADA) all included.
This all comes as the Trump administration has presided over the Securities and Exchange Commission’s change of stance on cryptocurrencies after.
As The Verge notes, the stance was previously “wary”. However, the agency has recently dropped investigations and lawsuits relating to cryptocurrency firms.
One of the currencies Trump mentioned today, Ripple’s XRP, was the subject of a 2020 SEC lawsuit in which a judge ruled that it functioned as an unregistered security, but only when Ripple sold it to institutional investors. The SEC appealed that decision in October last year; as of this writing, that appeal is ongoing.
It’s been said that the United States will not sell its Bitcoin holdings but will instead keep hold of them. Trump hinted as much during the campaign trail which ultimately saw him elected towards the end of 2024.
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