- Trump announced on Sunday that Solana, Cardano, and XRP are to be included in the US strategic crypto reserve
- The market reacted positively to the announcement as prices soared double digits for all altcoins
US President Donald Trump has directed his crypto working group to include Bitcoin, Ethereum, XRP, Solana, and Cardano to be included in the crypto strategic reserve.
Trump announced the news in the evening hours of Sunday, March 2. This decision, which was made to “make the US the crypto capital of the world”, simultaneously fulfils a campaign promise made at the Bitcoin conference in Nashville in November 2024.
Taking to his social media platform, Truth Social, Trump said:
“A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the US is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”
He later updated this to add:
“And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum !”
Source: Donald Trump
Prices react
This update provided enough bullish sentiment to propel the prices of the listed cryptos by double digitals.
BTC closed the day 9.66% higher, ETH rose 13.64%, SOL rose 24.50%, XRP rose 34.00%, while ADA rose 71.78% as retail investors trooped in en masse.
The euphoria buoyed the entire market as several cryptos logged double-digit gains.
However, the crypto market is down in Monday’s trading session as these cryptocurrencies have returned some gains.
Trump did not provide details on when acquisitions will be made or how.
BTC, ETH, SOL, XRP, and ADA trade at $92,972.70, $2,364.66, $164.27, $2.66, $0.98 respectively as of publishing.
