Key Takeaways
- Trump named XRP, SOL, and ADA for a U.S. crypto reserve.
- Bitcoin and Ethereum were initially omitted but later acknowledged.
- Sen. Cynthia Lummis proposed a separate strategic Bitcoin reserve.
U.S. President Donald Trump revealed the first details of a potential U.S. crypto reserve on Sunday, naming XRP, Solana (SOL), and Cardano (ADA) as assets to be included.
His statement, made on Truth Social, marked a significant step in his administration’s approach to digital assets.
Trump wrote:
A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why 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!”
Absence of Bitcoin & Ethereum
Notably absent from the initial announcement were Bitcoin (BTC) and Ethereum (ETH), the two largest digital assets.
However, Trump later clarified, stating:
And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!
Market reaction
Following the announcement, XRP, SOL, and ADA saw significant price increases.
Previous discussions on crypto reserve
Trump had previously discussed the idea of a crypto reserve during his 2024 presidential campaign.
In January, he signed an executive order directing a working group to explore its creation, though it did not mandate the reserve’s establishment.
Legislative support for Bitcoin reserve
Meanwhile, Sen. Cynthia Lummis has advocated for a strategic Bitcoin reserve, proposing a bill to acquire one million BTC over five years.
