Donald Trump provoked Cryptocurrency trade riots and accusations of favoring on Sunday after identifying several coins that may occur in the future strategic reserve of US cryptography. T and Bitcoin Trump said that XRP, Solana, Cardano and Ether will be considered to be turned on.
“The American cryptographic reserve will raise this critical industry after years of corrupt Biden administration attacks, which is why my executive ordinance in the field of digital assets recommended the presidential working group to go forward in a strategic cryptographic reserve, which includes XRP, Sol and Ada,” wrote Trump in social truth post on Sunday.
“And of course BTC and ETH, as other valuable cryptocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum! “He in addition Two hours later, perhaps to serene the tribes that the toast forgot.
The executive order signed by Trump in January has already specified that cryptocurrencies other than Bitcoin would be included in the reserve, but the president did not identify earlier which coins were considered. (The administration has not yet confirmed how gigantic the reserve will be or where the coins come from).
By occupying this bite of modern information, cryptography traders put in coins awarded by Trump, which led to a pointed, but momentary price impact from 9 to 65 percent. The coins mainly turned to the same price as before the announcement.
Meanwhile, the question arose in cryptographic circles: why did Trump choose these specific coins? The case of the Bitcoin reserve is based on the already trembling assumption that the constantly growing Bitcoins price will balance losses in the expenditure force caused by inflation. But what makes these other coins – many of which have very unstable prices – “strategic”?
The White House press office did not immediately answer to the request for comment.
Especially some members of the cryptographic industry BitcoinersSuspect that Trump’s decision was colored by the amount of money thrown by individual cryptographic companies in the US elections in 2024.
As part of the Cryptocurrency election, they donated over $ 150 million in super political committees that are to support the Pro-Crypto congress candidates, including many Republican. Among the most generous donors was the RIPPLE CROPPLE CROPPLE, whose services consist of XRP, Venture Capital A16Z, which was previously Invested in SolanaAnd the programming company conseates, led by one of the co -founders of Ethereum.
“Finally, I think that the government will understand that it makes no sense to include the token of one company in the other in the strategic reserve. Only Bitcoin does not have a company to supervise it and is above the belt, which is to be assessed as a strategic resource, “says Cory Klippsten, founder of the Bitcoin SWAN Bitcoin trading platform. “If politicians absolutely have to pay back a favor from the last election cycle to donors of the cryptographic industry, they may be able to add altcoins to a sovereign property fund.”