(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.
Solana, a relatively new player in Crypto, witnessed the price of the distinctive symbol in 2021 when a competitor was talked about for the ether and because of its use in the market that is launched at the time in non -explosive symbols (NFTS).
Solana says on Solana, it is run by “Solana Foundation”, which describes itself as a non -profit organization based in Zug in Switzerland. Laila Liu and Daniel Albert were listed as the Foundation’s executives. Reuters was unable to immediately reach those who call Solana.
3. Ada
ADA works on Blockchain called Cardano. Founded in 2015 by Charles Hoskinson, a well -known businessman for American technology and co -founder of the Ethereum Blockchain project.
There are ADA codes worth $ 31.4 billion, according to Coingecko, which makes it eight in the eighth cryptocurrency.
The symbol price was the largest winner after Trump’s announcement, as it increased for more than 70 % higher than his Friday level.
Cardano lists five entities, including a non -profit organization based in Switzerland, which is called Cardano, and a profit arm, called Emurgo. Kardano did not immediately respond to a request for comment.
4. Bitcoin
The first and largest encrypted currency, Bitcoin began to rotate in 2009, which was created by a mysterious character only identified as Satoshi Nakamoto.
Just like other encrypted currencies, Bitcoin is primarily a way to transfer money between people without using intermediaries like banks.
The individual Bitcoin cost is about $ 86,000, and there are about 1.7 trillion dollars in trading symbols, as CONINECKO data appears, which means that it represents more than half 3 trillion dollars in the nominal value of all digital currencies.
Bitcoin rose last year, helped the American SEC in January 2024, allowing it to be included in the boxes circulating and electing Trump in November, which sparked expectations of a wave of pro -rent organization.
5. Ether
Ether is the encrypted currency of Ethereum Blockchain, which seeks to be a major player in decentralized financing (Defi) – the name granted to use Blockchain technology to provide financial services without intermediaries.
Founded in 2013-2014 by Vitalik Buterin and others to compete with Bitcoin, its symbol, ether, is trading at a price of bitcoin but remains the second largest encrypted currency.
World Liberty Financial, the Trump Cheapper and its sons last year, released digital symbols on the Ethereum Blockchain collection that has been sold so far for more than $ 500 million. The scientist Liberty said in February that she was revealing a strategic symbolic reserve aimed at strengthening bitcoin, ethereum and other cryptocurrencies “which are at the forefront of reshaping global financing.”
Ethereum did not immediately respond to the request for comment.
(I participated in the reports of Elizabeth Hakroft in Paris; edited by Tommy Regeyry Wilkes and Leza Shomaker)
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