Key Takeaways:
With a series of posts on Truth Social, President Donald Trump confirmed that the US National Digital Assets Stockpile will be a multi-asset reserve. XRP, SOL, and ADA are among the first cryptocurrencies to be officially included.
In his statement, Trump also criticized the Biden administration’s anti-crypto stance, citing regulatory hurdles imposed by Biden and SEC Chair Gary Gensler. Trump’s campaign had promised a pro-crypto agenda, and since taking office, he has already reversed many of Biden’s restrictive policies—starting with the release of Ross Ulbricht, founder of Silk Road, who had been serving two life sentences.
The market reacted swiftly to Trump’s announcement:
Trump’s preference for US-based projects gives weight to the idea that Chainlink (LINK), Hedera Hashgraph (HBAR), and Litecoin (LTC) may be next in line.
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