Donald Trump Names XRP, SOL, ADA, BTC, and ETH as Part of U.S. Cryptocurrency Reserve

• President Donald Trump has stated that XRP, Solana, and Cardano will be included in the United States’ strategic cryptocurrency reserve.
• He later added Bitcoin and Ethereum to the list of assets that comprised the reserve. 
• XRP, SOL, and ADA all saw big price increases in response to the revelation, but BTC and Ethereum fans were disappointed and surprised that they were not included in the first release.

On Sunday, US President Donald Trump said that XRP, Solana (SOL), and Cardano (ADA) would be included in a US strategic crypto reserve, revealing the first specifics about what such a reserve may look like. Notably, Trump did not name bitcoin (BTC) or Ethereum (ETH), the two largest cryptocurrencies by market capitalization, in his remarks at first, but later clarified that these assets would also be included in the reserves. Trump made the announcements via Truth Social, his social media site. 

“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,” he said. “I will ensure that the United States is the Crypto Capital of the World.” 

US President Donald Trump announces the formation of a “Crypto Strategic Reserve” without mentioning Bitcoin. Approximately an hour after his initial statement, the president stated that “BTC and ETH, as other valuable currencies, will be at the heart of the Reserve.” 

Trump has been advocating the concept of a strategic cryptocurrency reserve since his 2024 presidential campaign. Shortly after assuming office in January, he issued an executive order directing a working committee to assess the establishment of a strategic crypto reserve. The directive, however, did not explicitly require the United States to construct one.

The order directed the digital assets working group to “evaluate the potential creation and maintenance of a national digital asset stockpile.” Trump stated on Sunday that the group should “move forward” in legally establishing the reserve. On Friday, the working group will convene a conference with officials from the cryptocurrency business and the government. 

Sen. Cynthia Lummis previously presented legislation to establish a strategic Bitcoin reserve for the United States. She first called for one at the July Bitcoin Nashville conference, which also featured then-candidate Trump. Lummis’ proposed measure would have authorized the US Treasury to acquire one million bitcoins over five years, accounting for approximately 5% of the entire Bitcoin supply. 

Several state legislatures in the United States have already sponsored measures to establish strategic cryptocurrency reserves, but the majority of these efforts have been unsuccessful.

David Sacks, the White House’s crypto and AI czar, is a limited partner at Multicoin Capital, which has invested in Solana, a blockchain ecosystem that focuses on cheap costs and rapid transactions. Sacks stated in a 2021 interview that he was “holding” SOL, the blockchain’s native token, but he stated in a late Sunday post on X that he sold all of his cryptocurrency holdings “before the start of the administration.” TRUMP, the President’s memecoin, is similarly based on Solana. 

Sacks stated on X (previously Twitter) that Trump’s declaration was “consistent with his week-one EO” shortly after Trump’s posts. Meanwhile, Ripple is embroiled in a years-long legal dispute with the United States Securities and Exchange Commission, which accused the business of marketing XRP—the native token of the Ripple-supported XRP Ledger blockchain—as an unregistered securities during Trump’s first term. In recent months, Ripple has worked to raise its profile in Washington, including significant contributions to Fairshake, a crypto industry super PAC, and Trump’s 2025 inaugural fund. 

Crypto-asset investments are high-risk; you may lose your capital.