Key Takeaways
- Trump has proposed a US Crypto Reserve to strengthen the digital asset sector.
- XRP, SOL, and ADA are highlighted by Trump as key assets for the proposed reserve.
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President Donald Trump said Sunday that XRP, Solana (SOL), and Cardano (ADA) would be included in the US crypto reserve. The statement comes after Trump signed an executive order to establish a working group focused on digital assets.
The group is tasked with evaluating the potential for a national digital asset stockpile and formulating clear regulations for the crypto industry. At the time of signing, the President did not specify any digital assets.
The initiative comes as a response to what Trump characterized as attacks on the crypto industry by the Biden Administration. The proposed reserve would aim to strengthen the digital asset sector in the United States.
The plan specifically highlights the inclusion of three prominent crypto assets: Ripple’s XRP, Solana’s SOL, and Cardano’s ADA as key components of the proposed reserve structure.
In January, President Trump reportedly planned to prioritize crypto as a national policy, focusing on creating a strategic reserve with US-based coins and proposing a more crypto-friendly SEC Chair.
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