😱💥U.S. President Donald Trump has named XRP, Solana (SOL), and Cardano (ADA) as part of a new strategic crypto reserve, revealing the first glimpse of the plan. Notably absent from the initial list were Bitcoin (BTC) and Ethereum (ETH), the largest cryptocurrencies by market value. Trump made the announcement via Truth Social, his own social media platform.
"A U.S. Crypto Reserve will boost this crucial industry after years of corrupt attacks by the Biden Administration. That’s why my Executive Order on Digital Assets directed the Presidential Working Group to proceed with a Crypto Strategic Reserve including XRP, SOL, and ADA," Trump stated. "I will ensure America becomes the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!"
The executive order, signed in January, instructed the working group to evaluate the concept of a crypto reserve, although it stopped short of mandating its creation. Trump has promoted the idea since his 2024 presidential campaign.
Meanwhile, Sen. Cynthia Lummis had previously proposed the establishment of a strategic Bitcoin reserve and has continued to advocate for it, most notably at Bitcoin Nashville, where Trump also spoke. Although some U.S. states have introduced legislation for state-level crypto reserves, many of these efforts have struggled.
Shortly afterward, another post from @realDonaldTrump confirmed that Bitcoin (BTC), Ethereum (ETH), and other valuable cryptocurrencies would also be included in the reserve.