President Donald Trump has officially directed his Presidential Working Group on Crypto to move forward with the establishment of a U.S. Crypto Strategic Reserve, naming XRP, Solana (SOL), and Cardano (ADA) as key assets. The announcement, made on Truth Social on Sunday morning, marks the first clear framework for what the reserve may include and fulfils Trump’s push to position the U.S. as a global leader in digital assets.
Trump’s statement framed the creation of the reserve as a direct countermeasure to what he called “corrupt attacks by the Biden Administration” on the crypto industry. The President reaffirmed his commitment to fostering crypto adoption.
While Trump explicitly mentioned only XRP, Solana, and Cardano as part of the proposed reserve in the announcement post, he later clarified in a follow up post that the reserve will include Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization.
“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!” he stated
Trump Administration’s Digital Asset Strategy
President Donald Trump has been advocating for a U.S. strategic crypto reserve since his 2024 campaign. Shortly after assuming office, he signed an executive order directing the Presidential Working Group on Digital Asset Markets to evaluate the feasibility of a national digital asset stockpile. However, the original order did not explicitly mandate the creation of a reserve, leaving its implementation subject to further review.
Now, this declaration marks the complete authorization for the working group to move forward on establishing the Crypto Strategic Reserve. To accelerate discussions, the administration has scheduled a crypto summit on Friday, bringing together industry leaders, policymakers, and financial experts to shape the reserve’s framework.
Trump’s move toward a national crypto reserve aligns with previous legislative efforts, most notably Senator Cynthia Lummis’ bill proposing a Bitcoin reserve for the U.S.. Lummis has long been a proponent of Bitcoin as a strategic asset, first advocating for a federal Bitcoin reserve at the Bitcoin Nashville conference in July 2024—an event where Trump also voiced support for crypto adoption.
Her proposed bill would have authorized the U.S. Treasury to acquire one million Bitcoins over five years, amounting to approximately 5% of Bitcoin’s total supply.
Market Reaction
The announcement immediately impacted the market, with the three named cryptocurrencies in the initial post, experiencing significant price surges:
- XRP surged 28.64% following the news, trading at $2.84.
- Solana (SOL) gained 21.10%, signaling increased investor confidence and trading at $173.45
- Cardano (ADA) saw the largest jump, skyrocketing 58.15%, trading at $1.03
Bitcoin has been leading a market wide resurgence since last night. Following the announcement, the leading digital asset surged over 7%, moving from $87,000 to above $93,000. Ethereum followed behind, surging from $2,230 to $2,500 within a few hours after the announcement.
Quick Facts:
- President Trump officially announced the creation of a U.S. Crypto Strategic Reserve which will include XRP, Solana, Cardano along with BTC and ETH
- Market Impact: XRP, SOL, and ADA saw immediate price surges following the announcement.
- Policy Direction: This initiative reflects the administration’s commitment to integrating digital assets into the U.S. financial system.
