Donald Trump Names XRP, SOL, and ADA as Part of U.S. Crypto Reserve
U.S. President Donald Trump has revealed the first details of a potential U.S. crypto reserve, naming XRP, Solana (SOL), and Cardano (ADA) as key assets. The announcement was made on Truth Social, Trump's social media platform.
"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration. My Executive Order on Digital Assets has directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA," Trump stated. "I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!"
Notably absent from the initial announcement were Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization. However, shortly after, Trump posted an update confirming that BTC, ETH, and other valuable digital assets would also be included in the reserve.
Trump has previously discussed the idea of a crypto reserve during his 2024 presidential campaign. His executive order, signed in January, instructs his administration to evaluate the potential establishment of a strategic crypto reserve. Meanwhile, Senator Cynthia Lummis has advocated for a Bitcoin reserve, and several U.S. states have introduced bills to create their own crypto reserves, though many have struggled to gain traction.
With this announcement, Trump signals a significant shift in U.S. crypto policy, aiming to position the country as a global leader in digital assets.
