The United States has officially designated three cryptocurrencies—XRP (Ripple), SOL (Solana), and ADA (Cardano)—for inclusion in its newly established Crypto Strategic Reserve, a move that sent their market values soaring.
President Donald Trump made the announcement on Sunday via social media, underscoring his administration’s commitment to positioning the US as a global leader in digital assets.
“My January executive order on digital assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” Trump stated. “I will make sure the US is the Crypto Capital of the World.”
Following the announcement, the named digital assets experienced significant surges in value, with gains ranging from 10% to 35% during Sunday’s trading session. Other cryptocurrencies also saw an uptick in market performance.
Trump’s embrace of the crypto industry has been swift. During his 2024 presidential campaign, he secured substantial backing from crypto investors and industry leaders, promising to support policies that fostered growth and innovation. This marked a stark contrast to the regulatory stance under his predecessor, Joe Biden, whose administration intensified oversight of digital assets to combat fraud and money laundering.
Trump’s latest move further cements his pro-crypto agenda, aligning with efforts to integrate digital currencies into the broader financial framework of the United States.
