Trump Announces Five Major Tokens as Strategic Reserves, Crypto Czar David Sacks Hints at More!

TradingKey- Trump has announced BTC, ETH, XRP, SOL, and ADA as strategic reserve assets, with the possibility of adding other altcoins in the future.  

In the early hours of Monday, U.S. President Trump announced the advancement of a Crypto Strategic Reserve plan. In a social media post, Trump stated, "After years of suppression under the Biden administration, the U.S. cryptocurrency reserve will elevate the status of this critical industry. This is why my executive order on digital assets directs the Presidential Task Force to advance a cryptocurrency strategic reserve, including XRP, SOL, and ADA. I will ensure that the United States becomes the world's cryptocurrency capital. We are making America great again!"

Content posted by Trump, Source: TRUTH.

Approximately an hour later, Trump continued to emphasize that BTC and ETH would be the core reserves. Boosted by these positive developments, the crypto market collectively surged. Among the top performers, ADA skyrocketed by 66%, XRP surged by 31%, SOL rose by 20%, ETH increased by 11%, and BTC climbed by 8%.

Top 10 Cryptocurrencies by Market Cap: Price Changes, Source: CoinMarketCap.

"Crypto Czar" David Sacks commented, "President Trump has announced the creation of a cryptocurrency strategic reserve comprising Bitcoin and other top cryptocurrencies. This aligns with Executive Order No. 14178, which he issued a week ago."  

It is worth noting that the U.S. cryptocurrency strategic reserve may not be limited to the aforementioned five tokens and could potentially include others. David Sacks hinted, "There is more," suggesting that additional altcoins might be added to the reserve. If this happens, altcoins with pending spot ETF applications, such as LTC, AVAX, and DOT, could become prime candidates and are worth paying close attention to.