Donald Trump caused A cryptocurrency trading riot and accusations of favoritism on Sunday after identifying several pieces that could appear in the future American strategic cryptography reserve. Alongside Bitcoin, Trump said that XRP, Solana, Cardano and Ether will be taken into account for inclusion.
“A reserve of American crypto will increase this critical industry after years of corrupt attacks by the Biden administration, which is why my decree on digital assets ordered the presidential working group to move forward on a cryptographic strategic reserve which includes XRP, Sol and Ada,” wrote Trump in a social truth job Sunday.
“And, of course, the BTC and the ETH, as other precious cryptocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum! he added Two hours later, maybe to appease the tribes he had forgotten toast.
A executive decree Signed by Trump in January had already specified that cryptocurrencies other than bitcoin would be included in the reserve, but the president had not previously identified what parts were under study. (The administration has not yet confirmed the size of the reserve, nor where the parts will come from.)
Hearing on this piece of new information, accelerated crypto traders in the coins by Trump, leading to a clear but temporary bump from 9 to 65%. The pieces have mainly returned to the same price as before the announcement.
In the circles of cryptography, in the meantime, the question became: why did Trump choose these particular pieces? The case of a bitcoin reserve is based on the Hypothesis already shaky that the price constantly increasing Bitcoin will compensate for the loss of expenditure caused by inflation. But what makes these other pieces – many of which have very volatile – “strategic” prices?
The White House press office did not immediately respond to a request for comments.
Some members of the cryptography industry, in particular bitcoinsSuspicion that Trump’s decision -making was colored by the sums of money launched by specific cryptographic companies in the 2024 US elections.
In the breakdown of elections, cryptographic companies channeled more than $ 150 million In the super political action committees set up to support Pro-Crypto candidates in the Congress, including many Republicans. Among the most generous donors were the cross-border payment company Ripple, whose services are based on XRP, the venture capital company A16Z, which previously has Invested in Solanaand the Consensys software company, managed by One of the Ethereum co -founders.
“In the end, I believe that the government will understand that it has no sense to include the token of one company on another in a strategic reserve. Only Bitcoin has no company to supervise it and is above the bar to be assessed as a strategic asset, “says Cory Klippsten, founder of the Bitcoin trading platform only Swan Bitcoin. “If politicians must absolutely reimburse the favors of the last electoral cycle to their donors of cryptographic industry, they may add altcoins to a sovereign heritage fund.”
If the US government should buy large amounts of parts to populate the reserve, everyone’s price should increase. In this regard, their inclusion in the stock “looks a lot like a government subsidy”, explains Patrick Hillmann, former director of strategy at Crypto Exchange Binance. But the preferential treatment is justified, he maintains, in the light of the Hostile treatment of American cryptographic companies by regulators of the Joe Biden administration.
