Trump's proposal to create a strategic reserve of cryptocurrencies including Ripple and Cardano faces challenges, causing a sharp drop in prices. Explore real-time digital currency prices on our page.
Donald Trump’s recent order to create a strategic reserve of cryptocurrencies has sparked mixed reactions from the crypto community. Trump suggested including American cryptocurrencies like Ripple (XRP), Cardano (ADA), Solana (SOL), and Ethereum (ETH) in the reserve instead of just Bitcoin. However, the approval of this plan in Congress seems unlikely, leading to a weekend sell-off of these assets. Market volatility surged after news of creating a strategic reserve focusing on American altcoins. Trump, who had promised to focus on a strategic Bitcoin reserve in the 2024 election campaign, has now shifted his focus to other cryptocurrencies in his recent executive order, drawing widespread criticism from the crypto community.
