The US President initially mentioned only XRP, SOL, and ADA for inclusion in the reserve.
“I also love Bitcoin and Ethereum,” he later added.
Source: Shutterstock
US President Donald Trump made a surprising announcement on his social media platform, Truth Social, stating that Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), and “other valuable cryptocurrencies” would be added to the country’s strategic crypto reserve. The first details of the initiative pushed the price of XRP about 40 per cent higher, while Cardano (ADA) surged by around 70 per cent.
The Teaser of the US Crypto Reserve
Interestingly, the initial post mentioned only three cryptocurrencies: XRP, SOL, and ADA. However, the President clarified in a follow-up post that BTC and ETH would also be included in the reserve, adding that these digital assets “will be the heart of the Reserve.”
“A U.S. Crypto Reserve will strengthen 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,” he wrote in the initial post. “I will make sure the U.S. is the Crypto Capital of the World.”
However, the Federal Reserve’s stance on the anticipated “crypto strategic reserve” remains unclear.
A screenshot of Donald Trump's post on Truth Social
XRP Reserves a Boost
Trump’s post has injected optimism into the bearish cryptocurrency market. ADA led the rally, gaining about 70 per cent within minutes, while SOL jumped 25 per cent.
The value of XRP, which was struggling around the $2 support level, surged to $2.96, a rise of approximately 40 per cent.
The jump of XRP after President Trump's post on US Crypto Reserve; Source: CoinGecko
Fulfilling a Campaign Promise
Trump’s latest post echoes his campaign promise of a "strategic national Bitcoin stockpile," which he unveiled at the Bitcoin 2024 conference in Nashville, Tennessee. At the event, he even touted himself as the first "crypto President."
“If I am elected, it will be the policy of my Administration—the United States of America—to keep 100% of all the Bitcoin the government currently holds or acquires in the future. We will keep a hundred per cent,” he stated at the time.
“I hope you do well, at least. This will serve, in effect, as the core of the strategic national Bitcoin stockpile.”
Interestingly, Trump has followed through on most of his campaign promises, including those related to cryptocurrencies. Earlier, he ordered the formation of the Digital Asset Working Group to explore cryptocurrency regulations.
Furthermore, his interim appointees—who head two key US regulatory agencies, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)—have shown a positive stance towards cryptocurrencies. Under Acting Chairman Mark Uyeda, the SEC dropped its lawsuit against Coinbase and also halted proceedings against Binance. The agency even ended its probe into Gemini and multiple other crypto platforms.
US President Donald Trump made a surprising announcement on his social media platform, Truth Social, stating that Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), and “other valuable cryptocurrencies” would be added to the country’s strategic crypto reserve. The first details of the initiative pushed the price of XRP about 40 per cent higher, while Cardano (ADA) surged by around 70 per cent.
The Teaser of the US Crypto Reserve
Interestingly, the initial post mentioned only three cryptocurrencies: XRP, SOL, and ADA. However, the President clarified in a follow-up post that BTC and ETH would also be included in the reserve, adding that these digital assets “will be the heart of the Reserve.”
“A U.S. Crypto Reserve will strengthen 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,” he wrote in the initial post. “I will make sure the U.S. is the Crypto Capital of the World.”
However, the Federal Reserve’s stance on the anticipated “crypto strategic reserve” remains unclear.
A screenshot of Donald Trump's post on Truth Social
XRP Reserves a Boost
Trump’s post has injected optimism into the bearish cryptocurrency market. ADA led the rally, gaining about 70 per cent within minutes, while SOL jumped 25 per cent.
The value of XRP, which was struggling around the $2 support level, surged to $2.96, a rise of approximately 40 per cent.
The jump of XRP after President Trump's post on US Crypto Reserve; Source: CoinGecko
Fulfilling a Campaign Promise
Trump’s latest post echoes his campaign promise of a "strategic national Bitcoin stockpile," which he unveiled at the Bitcoin 2024 conference in Nashville, Tennessee. At the event, he even touted himself as the first "crypto President."
“If I am elected, it will be the policy of my Administration—the United States of America—to keep 100% of all the Bitcoin the government currently holds or acquires in the future. We will keep a hundred per cent,” he stated at the time.
“I hope you do well, at least. This will serve, in effect, as the core of the strategic national Bitcoin stockpile.”
Interestingly, Trump has followed through on most of his campaign promises, including those related to cryptocurrencies. Earlier, he ordered the formation of the Digital Asset Working Group to explore cryptocurrency regulations.
Furthermore, his interim appointees—who head two key US regulatory agencies, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)—have shown a positive stance towards cryptocurrencies. Under Acting Chairman Mark Uyeda, the SEC dropped its lawsuit against Coinbase and also halted proceedings against Binance. The agency even ended its probe into Gemini and multiple other crypto platforms.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Kraken Taps Alpaca for xStocks After Backed Finance Acquisition
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
