Trump Includes XRP, Solana, and Cardano in US Crypto Reserve

President Donald Trump said Sunday that XRP, Solana (SOL), and Cardano (ADA) would be included in the US crypto reserve. This announcement follows Trump signing an executive order to create a working group focused on digital assets.

Purpose of the Working Group

The group is responsible for evaluating the potential of a national digital asset stockpile and developing clear regulations for the crypto industry. Initially, Trump did not specify which digital assets would be included during the signing.

Response to Current Administration

This initiative responds to what Trump views as attacks on the crypto industry by the Biden administration. The proposed reserve aims to strengthen the digital asset sector within the United States.

Strategic Reserve Concept

Before his inauguration, Trump had shown interest in establishing a strategic reserve featuring US-based cryptocurrencies like XRP, SOL, and USD Coin. While there are concerns about how this could affect Bitcoin’s market dominance, the proposal has sparked optimism about boosting the overall crypto sector.

Upcoming Crypto Summit

President Trump plans to host the inaugural White House Crypto Summit next Friday, where he will discuss the future of digital assets with industry leaders, CEOs, and investors. The summit will be chaired by David Sacks, the AI & Crypto Czar, along with Bo Hines, the Executive Director.