Key Points:
- President Donald Trump announced plans to create a U.S. Crypto Reserve, including XRP, Solana (SOL), and Cardano (ADA).
- The initiative aims to make the U.S. the “crypto capital of the world” and counter past regulatory policies.
- Following the announcement, XRP surged 13%, SOL rose 10%, and ADA jumped 22% within an hour.
President Donald Trump announced on Truth Social that the United States will establish a national crypto reserve, incorporating XRP, Solana (SOL), and Cardano (ADA) as key assets.
However, Bitcoin (BTC), which Trump previously pledged to include in a national reserve, was notably absent from the statement.
Trump emphasized that the initiative aims to boost the digital asset industry following what he described as regulatory suppression under the Biden administration.
He stated that his executive order on digital assets had directed the Presidential Working Group to move forward with the creation of a Crypto Strategic Reserve.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden administration,” Trump wrote. “I will make sure the U.S. is the crypto capital of the world.”
Market Reaction: XRP, SOL, and ADA Surge
The announcement triggered a rapid price surge for the three selected cryptocurrencies:
This move comes amid growing institutional adoption of digital assets and increasing political involvement in crypto regulation. Further developments regarding the U.S. Crypto Reserve’s implementation and potential expansion are expected in the coming months.
