Trump’s crypto reserve conveniently mirrors David Sacks-backed fund
At 10:24am on Sunday morning in Washington, D.C., President Donald Trump posted to Truth Social that the upcoming US Crypto Reserve would contain XRP, SOL, and ADA.
The surprise of his announcement would linger through his 12:11pm update when he added bitcoin (BTC) and ether (ETH) to that list. By that time, XRP had already rallied 28%, SOL had increased 23%, and ADA had rocketed 58%.
That Trump decided to bless three assets that the Securities and Exchange Commission (SEC) had previously designated as unregistered securities barely registered with post-Gary Gensler crypto investors.
Indeed, since Trump’s inauguration, lawsuits initiated by Gensler’s SEC against Uniswap, Coinbase, Robinhood, Gemini, Metamask, OpenSea,…
