Fact Fund-five encrypted currencies that Trump wants to keep the United States to reserve

(Reuters) – US President Donald Trump has appointed five encrypted currencies that want to be part of a new strategic reserve – in other words, owned by Crypto Holdings by the US government.

In a publication on Truth Social on Sunday, Trump announced that his executive order for the month of January will create stocks of XRP, Sol and Ada currencies, which surprises traders by choosing three less well -known symbols and sending their prices.

Later on Sunday, Trump added that Bitcoin and Ether, the largest cryptocurrency, will be included in the reserve.

Here is what we know about the symbols, in the order that Trump called:

1. xrp

Created by the American company Crypto Ripple, XRP is the third largest encrypted currency in the world, with $ 140 billion of traded symbols, and each code worth $ 2.40, according to CONINECKO data.

Ripple has promoted XRP as a way to help transfer money all over the world faster and more licensed than other encrypted currencies including Bitcoin. Like other symbols, its price was volatile.

Ripple is a main player when it comes to clicking on the encryption. She donated $ 45 million to the pressure group that tried to influence the US elections in favor of the encryption industry, according to OpenSecrets.

In January, the CEO of Brad Garlinghouse posted a picture of himself alongside Trump, saying they enjoyed “a wonderful dinner.”

For years, the company was imprisoned in a legal battle with the American Securities and Stock Exchange Committee on whether its sales from XRP in 2012 are calculated as unregistered securities offers. Ripple won mostly in this case, although SEC achieved a partial victory.

When asked about the comment on Monday, a Ripple spokesman referred Reuters to the Garlinghyus’ tweet, published on Sunday, he said he estimated “Trump’s vision of the government’s digital asset reserve.”

Monica Monica Long told Reuters in June that PAC had donated two parties and focused on supporting the candidates who support the regulations that the encryption industry wanted.

2. Sol

Sol is the distinctive symbol name that works on Blockchain called Solana. Blockchain is often used to launch Meme – including TROMP cryptocurrencies, which unveiled the president in January.

With about 73 billion dollars in the distinctive symbols circulating, COININECKO data is placed in the sixth cryptocurrency.

She was volatile and lost most of her value in 2022, and she was harmed by her association with former FTX Sam Bankman-Fric. Although Solana was not directly associated with the exchange of encryption that was now collected, the bankman-frray is often erased the distinctive symbol.


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