Trump Announces Inclusion of Solana, Cardano, and Ripple in US Strategic Crypto Reserve
Key Points:
- President Trump announces the inclusion of Solana, Cardano, and Ripple in the US strategic crypto reserve.
- Market reacts positively with double-digit price surges for all mentioned altcoins.
In a surprising move on Sunday evening, President Trump revealed plans to establish a US strategic crypto reserve that will now incorporate Solana, Cardano, and Ripple alongside Bitcoin and Ethereum.
This strategic decision aims to position the US as a global leader in the crypto space and honors a promise made during a Bitcoin conference in Nashville back in 2024.
On his social media platform, Truth Social, Trump stated,
“A U.S. 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.”
This announcement sparked significant bullish sentiment, leading to substantial price increases for the mentioned cryptocurrencies, with ADA recording a staggering 71.78% surge as retail investors showed heightened interest.
While the market experienced a wave of optimism with several cryptos posting double-digit gains, Monday’s trading session saw a correction with some retracement in prices.
Details on the timeline and method of acquisitions for these assets remain undisclosed by Trump.
As of the latest update, BTC, ETH, SOL, XRP, and ADA are trading at $92,972.70, $2,364.66, $164.27, $2.66, and $0.98 respectively.
