President Donald Trump has declared the U.S. will launch a crypto reserve featuring XRP SOL and ADA a move aimed at cementing America’s lead in digital finance. This announcement marks a sharp pivot from his first term’s skepticism toward cryptocurrencies now embraced as a tool to rival China and boost the dollar. The plan unveiled at a tech summit has electrified markets and drawn fierce debate over its scope and risks.
Trump named XRP from Ripple SOL from Solana and ADA from Cardano as the backbone of this federal reserve a nod to their speed and scalability. He pitched it as a way to modernize U.S. finance cut transaction costs and draw blockchain talent stateside. Advisers say the reserve could hold billions in these assets though exact figures and funding remain under wraps.
The move stunned crypto fans who recall Trump once calling Bitcoin a scam in 2021 a stance he now says evolved with the tech’s rise. He tied the reserve to national security arguing it counters China’s digital yuan and keeps America ahead in the fintech race. Supporters cheer it as a bold stroke to legitimize crypto and spur innovation on U.S. soil.
Critics warn of massive pitfalls from market volatility to regulatory gaps that could tank the project. The Treasury Department tasked with standing up the reserve faces a maze of legal hurdles since XRP’s status is still tangled in an SEC lawsuit. Senators from both parties demand clarity on how it’ll be managed and whether taxpayers foot the bill if it flops.
Crypto markets roared with XRP jumping 15 percent SOL 12 percent and ADA 10 percent in hours after Trump’s speech. Analysts see it as a lifeline for these coins battered by recent bear runs and a signal Washington is serious about blockchain. Smaller tokens like DOGE crypto got no mention leaving some traders grumbling about exclusion.
Trump tied the reserve to his broader economic vision promising it’ll create jobs and counter inflation a stretch economists call shaky at best. He hinted at using Department of Government Efficiency savings led by Elon Musk to seed it though details are thin. The idea hinges on Congress greenlighting a framework no sure bet in a gridlocked Capitol Hill.
Blockchain firms hailed the plan with Ripple’s CEO praising Trump’s about-face as a win for American tech leadership. Detractors like Senator Elizabeth Warren slammed it as a reckless bet with public money better spent elsewhere. The fight over this reserve could dominate Trump’s early agenda as he juggles crypto hype with fiscal reality.
If it works Trump could claim a legacy-defining win tying the U.S. dollar to a digital future rooted in XRP SOL and ADA. Failure might saddle his second term with a costly flop and egg on his face. Either way this crypto gamble thrusts America into uncharted waters with the world watching.
Coverage Details
| Total News Sources | 40 |
| Left | 13 |
| Right | 15 |
| Center | 9 |
| Unrated | 3 |
| Bias Distribution | 38% Right |
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