Trump Sparks Crypto Rally by Saying More Coins to Be in Reserve

[JohnSJ]

Trump says XRP, Solana and Cardano to be included in reserve
Trump adds in post ‘I also love Bitcoin and Ethereum’

"The cryptocurrency market roared into March with a rally, recouping some of the losses from the asset class’s worst month since 2022, after President Donald Trump once again talked up his plan for a strategic crypto reserve.

In a Truth Social post on Sunday, Trump said his January executive order on crypto “directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.”

The inclusion of XRP and ADA tokens in Trump’s plan were surprising, according to Andrew Tu, head of sales at crypto market maker Efficient Frontier. Both tokens had huge rallies on Sunday, leading gains across most digital assets. Trump also said Bitcoin and Ether would be included in the reserve, helping those coins recover some of last month’s steep declines.

The announcements from Trump reconfirmed his loyalty to an industry that had showered him with donations and praise during his campaign following a crackdown on crypto companies under President Joe Biden’s administration."

https://www.bloomberg.com/news/articles/2025-03-02/bitcoin-jumps-after-trump-pledges-strategic-us-crypto-reserve

Completely under the radar from the MSM where this is being mostly ignored or minimized.

and there there is this:

El Salvador’s bitcoin experiment: $60 million lost, $375 million spent, little to show so far

https://www.mitrade.com/insights/news/live-news/article-3-671164-20250303

and if this boon dongle falls apart, it will be us that will need to foot the bill.

What is unbelievable is according to a CNN poll, 41% Hispanics and 28% Blacks still approve of the job the sociopath is doing.

No wonder we lost, we are a very sick demented country with far too many sheep who are to willing to follow the "pied piper" like rats into the sea.

There are too many people in this country who had no problem voting for a racist, sexist, rapist who incited an insurrection against this country. It is disgusting and depressing, and it seems pretty clear that a lot of people are going to have to learn the hard way if things are going to get better.

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=20092924

It looks that bitcoin is down right now in the market right now.

[FalloutShelter]

1. TSF doesn't give a shit about what any of us

Or the world, for that matter, thinks.
He’s right back to stuffing his pockets.
What is more FU than that?

[Hassin Bin Sober]

4. I've been saying doesn't give a shit about anything right now other than lining his pockets.

He has the crypto bros pumping billions in crypto up his ass. Between their connections and his/musk’s followers they can manipulate the fuck out of the market.

He’s literally being paid to sit down and shut up while they sell us out and try to implement their techno dictatorship. I’m sure they are getting coached by Putin and his secret police on best practices to lock down a government.

[FalloutShelter]

6. Exactly!

[sop]

2. If Trump didn't already enjoy legal immunity from everything, he could be prosecuted for insider trading.

[jmbar2]

3. This plan is a 5-alarm fire. They're going to "monetize" the gold in Ft Knox to buy crypto. What could go wrong?

https://stephaniekelton.substack.com/p/trumps-executive-order-to-rename

Trump has floated the idea of directing revenue from tariffs into the SWF, and the fact sheet that accompanied his executive order pointed to a “vast sum of highly valued assets that can be invested through a sovereign wealth fund for greater long-term wealth generation.” To turn those highly valued assets into cash-on-the-books, Treasury Secretary Scott Bessent said the U.S. will “monetize the asset side” of the federal balance sheet.

As Gillian Tett reported in the Financial Times yesterday, one of the assets that might be slated for the monetization scheme is gold. The idea is that the U.S. Treasury could revalue America’s gold stocks, which are currently valued at $42.22 per troy ounce in national accounts. If they were accounted for at current market values—around $2,800 an ounce—Tett reports that “it could inject $800bn into the Treasury General Account (TGA), via a repurchase agreement.” By topping up the balance in the TGA, the move would also create additional breathing room with the debt ceiling limit (since Treasury could issue fewer bonds).1 Or as Larry McDonald put it in The Bear Traps Report on February 2, “it's time to get creative around the asset side of Uncle Sam's balance sheet.”

See also
The Real Reason Trump and Musk are Planning to Visit Fort Knox
That's where the "money" is.

https://stephaniekelton.substack.com/p/the-real-reason-trump-and-musk-are?ref=crisesnotes.com

[DemMedic]

5. Great idea! An unregulated form of currency!

What can go wrong.

[Raftergirl]

7. Everything he touches dies, so this will implode, too.

[Dennis Donovan]

8. Coin Desk: Donald Trump Names XRP, SOL, ADA, BTC and ETH as Part of U.S. Crypto Reserve

Coin Desk - Donald Trump Names XRP, SOL, ADA, BTC and ETH as Part of U.S. Crypto Reserve

The U.S. president provided the first details about what a crypto reserve may look like.

By Nikhilesh De, Sam Kessler | Edited by Aoyon Ashraf
Updated Mar 3, 2025, 2:04 p.m. UTC Published Mar 2, 2025, 3:43 p.m. UTC

What to know:
• U.S. President Donald Trump announced that XRP, Solana, and Cardano would be included in a U.S. strategic crypto reserve.
• He later added Bitcoin and Ethereum to the list of assets composing the reserve.
• XRP, SOL, and ADA experienced significant price surges on the news, while BTC and ETH fans expressed disappointment and surprise as they weren't added in the first announcement.

U.S. President Donald Trump named XRP, Solana (SOL) and Cardano (ADA) as three assets to be included in a U.S. strategic crypto reserve on Sunday, providing the first details about what such a reserve may look like.

Notably, Trump did not initially mention bitcoin (BTC) or Ethereum (ETH) — the two largest cryptocurrencies by market capitalization — in his statement, but he later clarified that the reserve would include these assets as well. Trump made the announcements on Truth Social, his social media platform.

"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA," Trump stated. "I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!"

Following Trump's initial announcement, XRP, SOL, and ADA experienced significant price surges. The price of ADA soared by more than 63% within two hours after the president's post, while SOL increased by 23% and XRP by 32%.

/snip