U.S. President Donald Trump has revealed plans for a U.S. Crypto Reserve, naming XRP, Solana (SOL), and Cardano (ADA) as its first selected assets. The announcement, made on Truth Social, marks a major step toward integrating cryptocurrencies into national strategy.
Initially, Bitcoin (BTC) and Ethereum (ETH) were absent from the list, sparking reactions from crypto enthusiasts. However, Trump later clarified that BTC and ETH would also be part of the reserve.
Crypto Prices Surge After Announcement
Following Trump’s statement, XRP, SOL, and ADA saw significant price increases:
✔ ADA soared 63% within two hours.
✔ SOL jumped 23%.
✔ XRP gained 32%.
Meanwhile, BTC and ETH supporters initially expressed disappointment. But after Trump’s clarification, market sentiment shifted, reinforcing the importance of this reserve for the crypto industry.
Trump’s Executive Order on Digital Assets
Trump has been discussing a strategic crypto reserve since his 2024 presidential campaign. Shortly after taking office in January, he signed an executive order directing a working group to explore the concept.
recent statement now urges this group to move forward with formally establishing the reserve. A summit on Friday will bring together crypto industry leaders and government officials to discuss next steps.
A Step Toward U.S. Crypto Leadership
Trump emphasized that the U.S. must lead the global crypto industry. His initiative follows past efforts, such as Senator Cynthia Lummis’ proposal for a national Bitcoin reserve.
State legislatures have attempted to introduce similar crypto reserves, but most proposals have stalled. The White House’s latest move could set the stage for broader adoption at the federal level.
Key Figures and Market Influence
✔ David Sacks, the White House crypto and AI czar, has ties to Solana through Multicoin Capital.
✔ Trump’s own memecoin, TRUMP, is built on Solana.
✔ Ripple (XRP) continues to fight its legal battle with the SEC, but remains a key player in the crypto space.
Trump’s latest push aligns with his commitment to making the U.S. a global leader in digital assets.
Final Thoughts
With the U.S. Crypto Reserve now taking shape, investors are watching closely. Will this move strengthen the U.S. crypto market, or will regulatory challenges slow progress? Share your thoughts below!
