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Trump Unveils US Crypto Reserve Plan; Investors Uncertain
Business Standard
|March 04, 2025
Donald Trump's announcement that the US will include three lesser-known digital tokens in its strategic crypto reserve was greeted with skepticism in the industry, with investors questioning the project's merits and the coins he selected giving up some of their initial gains.
Trump said Sunday on Truth Social that the XRP, SOL and ADA tokens will be included in the reserve, along with Bitcoin and Ether. The news ignited an immediate crypto rally, offering relief to an asset class fresh off its worst month since 2022.
Yet the initial euphoria soon gave way to questions about everything from the feasibility of Trump's plan to the motivations behind it. Crypto markets were back in the red on Monday, with XRP, SOL and ADA each suffering intraday declines of more than 10 per cent after soaring the day before.
This story is from the March 04, 2025 edition of Business Standard.
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