President Donald Trump has announced plans for a U.S. Crypto Strategic Reserve that includes Solana (SOL), Cardano (ADA), and Ripple (XRP). Referencing his January 23, 2025, executive order, “Strengthening American Leadership in Digital Financial Technology,” which directed the Presidential Working Group on Digital Asset Markets to move forward on this initiative. Trump described the reserve as a way to elevate the cryptocurrency industry after what he called “corrupt attacks” by the Biden Administration and pledged to make the U.S. the “Crypto Capital of the World.”
President Donald Trump has announced that Bitcoin (BTC) and Ethereum (ETH) will be included in the U.S. Crypto Strategic Reserve, in addition to the previously mentioned Solana (SOL), Cardano (ADA), and Ripple (XRP). This update came shortly after his initial announcement earlier today, where he specified SOL, ADA, and XRP as part of the reserve, sparking surprise and concern among some crypto enthusiasts, particularly Bitcoin and Ethereum supporters, due to the omission of BTC and ETH.
Trump clarified his position in a subsequent statement on X, stating, “And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!” This clarification aligns with his broader pro-crypto stance and addresses the disappointment expressed by some in the crypto community, as seen in posts on X where users speculated that BTC and ETH could not be excluded given their prominence and Trump’s personal and corporate investments in these assets.
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This announcement marks a notable development in Trump’s pro-crypto agenda, which has evolved since his 2024 campaign. Previously, he had focused heavily on Bitcoin, promising a “strategic national Bitcoin stockpile” at events like the Bitcoin 2024 conference. However, this latest post omits Bitcoin and instead highlights SOL, ADA, and XRP—cryptocurrencies often associated with U.S.-based innovation or adoption, such as Solana’s high-performance blockchain, Cardano’s research-driven approach, and Ripple’s focus on cross-border payments with XRP.
The market response has been significant: following Trump’s post, SOL surged by about 12.5% to $158, ADA spiked 37% to $0.87 (its highest in nearly a month), and XRP climbed 21% to $2.61 (its highest in over a week). Even Bitcoin, though not mentioned, rose by more than 3% to around $87,445, reflecting broader market enthusiasm for Trump’s crypto-friendly policies.
However, the announcement raises questions. The executive order mentions using cryptocurrencies seized by law enforcement as a starting point, but it’s unclear how the reserve will acquire or manage SOL, ADA, and XRP, especially if the government doesn’t currently hold significant amounts of these assets. The Presidential Working Group, chaired by Trump’s Special Advisor for AI and Crypto, David Sacks, is expected to provide a detailed report by July 2025, which will likely outline the reserve’s structure, funding, and strategic purpose.
Critics, including some economists and former regulators, have expressed skepticism about the viability of a crypto reserve, citing the volatility of these assets and the risk of tying national strategy to speculative digital currencies. Others note that SOL, ADA, and XRP have faced regulatory scrutiny in the past—XRP, for instance, was involved in a long-running legal battle with the SEC over its status as a security, which was partially resolved in 2023 but remains contentious.
Trump’s focus on these specific cryptocurrencies may also reflect political or economic alliances, given his reported meetings with crypto leaders like Ripple’s Brad Garlinghouse and his administration’s emphasis on U.S.-based tech. The omission of Bitcoin, a globally dominant cryptocurrency, has puzzled some in the crypto community, though it could indicate a strategic pivot toward newer, U.S.-centric platforms.