Trump Names XRP, SOL, and ADA for U.S. Crypto Reserve, Leaves Out Bitcoin
In a major policy move, U.S. President Donald Trump announced on Sunday that XRP, Solana (SOL), and Cardano (ADA) will be part of a new U.S. strategic crypto reserve. However, Bitcoin (BTC) and Ethereum (ETH)—the two largest cryptocurrencies—were notably absent from his statement. Trump made the announcement on Truth Social, though he did not explicitly rule out adding BTC or ETH in the future.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” Trump wrote. “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. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”
Following his statement, XRP, SOL, and ADA saw significant price surges.
Trump has been advocating for a crypto reserve since his 2024 presidential campaign. Shortly after taking office in January, he signed an executive order instructing a working group to explore the formation of such a reserve. However, the order did not mandate its immediate creation.
Meanwhile, Senator Cynthia Lummis has been pushing for a Bitcoin-focused reserve. Her proposed bill would authorize the U.S. Treasury to acquire one million BTC over five years—about 5% of the total supply. She first introduced the idea at the Bitcoin Nashville conference last July, where Trump was also a speaker.
Several U.S. states have attempted to introduce their own strategic crypto reserves, though most initiatives have failed to gain traction.