The cryptocurrency community was struck with a stunning turn, when an executive order signed by the president Donald Trump De Hoop collapsed on Ripple and his supporters.
After having deposited millions in political contributions to penetrate XRP (Crypto: XRP) The inclusion in an American sovereign crypto reserve, the company and his co-founders saw their efforts unraveling.
On weekends, David SacksThe “Crypto Tsar”, called the signed document on X, showing that XRP would not be part of a strategic reserve as Trump had ever sworn.
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Back on March 2, Trump had fueled excitement by promising to set up a crypto -strategic reserve with XRP, which caused a price increase of 36% for token within an hour.
Yet the reality that was revealed in the executive order was strongly different.
Far from elevating XRP to a valued reserve resistant, Trump has indicated a “stock active”, which means that the government can keep it alone or sell it – no permitted purchases.
The document explicitly explains: “The US government will not acquire any other share assets, other than in connection with criminal or civil assets -infair procedures or to the satisfaction of a fine of a civil money imposed by an agency without further executive or legislative action.”
This only sales stock is not exclusive for XRP.
Other popular cryptocurrencies such as Solana (Crypto: SOL), Cardano (Crypto: ada), and Ethereum (Crypto: ETH)-Also by Trump by Trump in his earlier promise landed in the same boat.
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Bitcoin (Crypto: BTC) emerged as the Golden Child, the only digital active that the US government is actively allowed to actively acquire. Trump's Order Greenlit A Bitcoin Strategic Reserve, which starts the Kickstart with around 200,000 BTC already in federal hands of attacks, although much of it has been reserved for distribution to Bitfinex.
The Treasury and Commerce departments, led by secretaries Scott Bessent And Howard Lutnickwere given the task of finding budget -friendly ways to strengthen Bitcoin holdings.
The Fallout for XRP has been fast.
After his rally in March, the token kept up to only 10% of those profits, which reflects the disappointment that is linked by his avid “XRP army”.
