U.S. President Donald Trump named XRP, Solana (SOL) and Cardano (ADA) as three assets to be contained in a strategic crypto reserve on Sunday, providing the first details about what this reserve may look like.
Not included were Bitcoin (BTC) or Ethereum (ETH), the two largest digital assets by market capitalization. Trump made the announcement on Truth Social, his social media platform.
“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,” the post said. “I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”
The executive order, signed in January, directs his working group to evaluate a crypto reserve, but did not explicitly call for the U.S. to create one outright. However, Trump has been discussing the idea since the 2024 presidential campaign.
Sen. Cynthia Lummis has previously introduced a bill to create a strategic bitcoin reserve for the U.S., and has advocated for since Bitcoin Nashville, where Trump also spoke. A number of U.S. state legislatures have already introduced bills to create their own crypto reserves, though these efforts have faltered in several.