Trump Announces U.S. Government Crypto Reserve: XRP, SOL, ADA, Bitcoin, and Ether to Be Included

President Donald Trump announced plans for a U.S. government crypto reserve, naming five key cryptocurrencies: XRP, SOL, ADA, Bitcoin, and Ether. XRP, the third-largest cryptocurrency, is created by Ripple and aims to make global money transfers faster and cheaper. SOL runs on the Solana blockchain and gained popularity in 2021, though it faced challenges linked to FTX. ADA operates on Cardano, founded by Ethereum co-founder Charles Hoskinson, and recently surged in price after Trump’s announcement.

Bitcoin, the largest cryptocurrency, remains the dominant digital asset with a market cap of $1.7 trillion. Ether, second to Bitcoin, powers Ethereum and is central to decentralized finance (DeFi). Trump’s announcement has sparked interest in the crypto market, with Ripple, Solana, and Cardano also active in lobbying for favorable regulations.

Trump Announces U.S. Government Crypto Reserve: XRP, SOL, ADA, Bitcoin, and Ether to Be Included

In a recent post on Truth Social, U.S. President Donald Trump outlined his plan to create a strategic reserve of five key cryptocurrencies that the U.S. government would hold. The list includes XRP, SOL, ADA, Bitcoin, and Ether, with XRP, SOL, and ADA being relatively lesser-known tokens that surprised traders and saw a surge in their prices.

Here’s a breakdown of the five cryptocurrencies:

1. XRP: Created by Ripple, XRP is the third-largest cryptocurrency, with a $140 billion market cap. It is designed to facilitate faster and cheaper international money transfers. Ripple has been influential in crypto lobbying and is currently in a legal battle with the U.S. Securities and Exchange Commission (SEC) over the classification of XRP as a security.
2. SOL: This token runs on the Solana blockchain, which is often used for launching meme coins, including Trump’s own cryptocurrency. Solana’s value fluctuated significantly in 2022, impacted by its association with FTX and Sam Bankman-Fried, but it had seen significant growth in 2021.
3. ADA: ADA operates on the Cardano blockchain and was founded by Charles Hoskinson, a co-founder of Ethereum. With a $31.4 billion market cap, ADA briefly spiked by 70% following Trump’s announcement.
4. Bitcoin: As the first and largest cryptocurrency, Bitcoin, created by the elusive Satoshi Nakamoto, has a market cap of $1.7 trillion. It remains the dominant cryptocurrency, representing over half of the total market value of all digital currencies.
5. Ether: The cryptocurrency of the Ethereum blockchain, Ether is second only to Bitcoin in market size. Ethereum is a major platform for decentralized finance (DeFi), aiming to replace traditional financial intermediaries.

 

Trump’s announcement on the creation of a U.S. crypto reserve has not only stirred the financial and political spheres but also significantly impacted the cryptocurrency market. By including XRP, SOL, ADA, Bitcoin, and Ether in the reserve, Trump has signaled a shift towards greater governmental acceptance of digital assets. Ripple, known for its XRP token, has long been an advocate for more supportive crypto regulations, and its involvement in lobbying has already been well-documented.

The company has invested millions into political action committees (PACs) to influence U.S. policy in favor of crypto adoption. Similarly, Solana’s rapid growth, though marked by some volatility, has led it to foster connections with major financial players, hoping to strengthen its presence in global digital finance. Cardano, under the leadership of founder Charles Hoskinson, has focused on its unique proof-of-stake blockchain, setting it apart from other networks. These efforts, combined with the growing demand for cryptocurrency regulation, position these networks as key players in shaping the future of digital currencies in the U.S. Their continued lobbying and active participation in policy discussions could influence future legislation, ensuring a more structured and sustainable integration of crypto into the financial system.