President Donald Trump announced that XRP, Solana (SOL), and Cardano (ADA) will be part of the US crypto reserve.
This announcement followed his signing of an executive order to create a working group focused on digital assets. The group’s goal is to assess the potential for a national digital asset stockpile and to develop clear regulations for the crypto industry.
Trump’s initiative responds to what he sees as attacks on the crypto sector by the Biden administration. The proposed reserve aims to strengthen the digital asset market in the United States.
Before his inauguration, Trump expressed interest in establishing a strategic reserve that would include US-based cryptocurrencies like XRP, SOL, and USD Coin.
This proposal has raised concerns among some insiders about the possible decline of Bitcoin’s dominance in the market. However, it has also sparked optimism about the potential benefits for the overall crypto industry.
Next Friday, President Trump will hold the first White House Crypto Summit. This event will focus on the future of digital assets and will include discussions with industry leaders, CEOs, and investors.
