$ADA

On March 3, 2025, U.S. President Trump announced that XRP, Solana (SOL), and Cardano (ADA) would be included in the U.S. cryptocurrency reserves, triggering significant fluctuations in the cryptocurrency market. Among them, Cardano (ADA) saw the most notable increase, soaring over 65% at one point. This news shocked the cryptocurrency industry and marked a significant shift in the U.S. government's policy towards digital assets.

Trump Administration Pushes for Shift in Cryptocurrency Policy

President Trump made a statement late on March 2, announcing the inclusion of XRP, SOL, and ADA in the U.S. cryptocurrency reserves. Prior to this, Trump had just signed an executive order establishing a task force dedicated to studying digital assets. The main task of this task force is to assess the feasibility of establishing a national digital asset reserve and to develop a clear regulatory framework for the cryptocurrency industry.

This initiative is widely seen as Trump's response to the previous Biden administration's 'crackdown' on the cryptocurrency industry. The proposed cryptocurrency reserves aim to strengthen the development of the U.S. digital asset industry and enhance its global competitiveness. The Trump administration specifically emphasized XRP, SOL, and ADA as key components of the proposed reserve system.