Trump's Crypto Shift: XRP, SOL, ADA Join US Strategic Reserve

President Trump has directed the President's Working Group on Digital Assets to include XRP (XRP), Solana (SOL), and Cardano's ADA (ADA) in the US crypto strategic reserve. The President did not mention Bitcoin (BTC) or any other cryptocurrencies in his March 2 Truth Social post.

This announcement comes after Trump previously promised to establish a "strategic national Bitcoin stockpile" at the Bitcoin 2024 conference in Nashville, Tennessee. During his keynote speech, Trump stated, "If I am elected, it will be the policy of my Administration — the United States of America — to keep 100% of all the Bitcoin the government currently holds or acquires into the future. We will keep a hundred percent."

The US President's language on a Bitcoin strategic reserve or stockpile has shifted following his January 23 executive order directing the group to establish a "digital asset stockpile," which angered Bitcoin maximalists.

The inclusion of XRP, SOL, and ADA in the US crypto strategic reserve signals a shift in the US government's approach to digital assets. These cryptocurrencies have gained significant traction in the market, with XRP being the third-largest cryptocurrency by market capitalization, SOL ranking among the top 10, and ADA also holding a strong position in the market.

The decision to include these cryptocurrencies in the US strategic reserve may indicate a recognition of their potential and the growing importance of digital assets in the global financial landscape. As the US government continues to explore the role of cryptocurrencies in its strategic reserves, it remains to be seen how this will impact the broader cryptocurrency market and the US economy.