Trump Names XRP, Solana, and Cardano for U.S. Crypto Strategic Reserve; Prices Surge

Trump Names XRP, Solana, and Cardano for U.S. Crypto Strategic Reserve; Prices Surge

U.S. President Donald Trump announced the inclusion of XRP (Ripple), Solana (SOL), and Cardano (ADA) in a newly established U.S. Crypto Strategic Reserve, triggering a sharp surge in cryptocurrency prices.

Trump confirmed the move on social media, referencing his January executive order on digital assets, which directs the Presidential Working Group to oversee the creation of a government-backed crypto stockpile.

Following the announcement, XRP, SOL, and ADA saw price spikes ranging from 10% to 35% in Sunday trading, with broader digital asset markets also seeing gains.

“I will make sure the U.S. is the Crypto Capital of the World,” Trump stated, reinforcing his administration’s commitment to pro-crypto policies—a stark contrast to the Biden administration’s regulatory crackdowns on the industry.

While details remain unclear, legal experts suggest the U.S. Treasury’s Exchange Stabilization Fund could be used to manage the reserve, though congressional approval may be required. There is also speculation that seized cryptocurrencies from law enforcement actions could play a role in funding the initiative.

Trump is set to host the first White House Crypto Summit on Friday, where more details on the strategic reserve may be unveiled.