Former President Donald Trump sparked a wave of cryptocurrency trading and allegations of favoritism after naming several coins that may be included in a proposed U.S. strategic crypto reserve. In a Truth Social post, Trump mentioned XRP, Solana, Cardano, Bitcoin, and Ethereum as potential candidates for the reserve. His executive order from January had already indicated that cryptocurrencies beyond Bitcoin would be part of the reserve, but specific coins were not identified until now. Following the announcement, there was a temporary spike in the prices of the mentioned coins, though they have since stabilized. Critics question the strategic value of these coins, suggesting political donations influenced the selection. Some industry insiders argue that the move could be seen as a government subsidy, while others suggest it might relate to the use of these coins in stablecoin transactions. Until more concrete actions are taken, the discussion remains speculative. — news from WIRED
