President Trump dumps Bitcoin, Ethereum for XRP, ADA, Solana
President Trump disclosed via his social media handle the creation of a digital Strategic Reserve, with no mention of Bitcoin, or Ethereum.
President Donald Trump announced that XRP, Cardano (ADA), and Solana (SOL) would be added to the US crypto reserve. The announcement follows Trump’s signing of an executive order creating a working group devoted to digital assets.
The president mandated the group to set clear regulations for the crypto industry and assess the possibility of a national digital asset stockpile. Strengthening the US digital asset market is the proposed reserve’s main goal.
Three well-known cryptocurrency assets are highlighted in the plan as essential parts of the suggested reserve structure: Cardano’s ADA, Solana’s SOL, and Ripple’s XRP.
President Trump reportedly intended to make crypto development a national priority in January, establishing a strategic reserve using US-based coins and suggesting a more crypto-friendly SEC chair.
Trump announced last fall that he and his sons were helping to establish a new cryptocurrency business World Liberty Financial. Trump revealed a meme project before his inauguration. Economists, ethics watchdogs, and some industry insiders harshly criticized the personal meme coin, $Trump.
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