Trump Announces U.S. Crypto Reserve With Bitcoin, Ethereum, Solana, XRP, and Cardano

President Donald Trump has announced the creation of a U.S. strategic crypto reserve, which will include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA). This marks a shift from his previous stance of establishing a Bitcoin-only stockpile. In a Truth Social post, Trump stated that BTC and ETH would be at the "heart of the reserve" and emphasized his goal of making the U.S. the "Crypto Capital of the World."

Trump first proposed the idea of a Bitcoin stockpile at the Bitcoin 2024 conference in Nashville, where he pledged that his administration would keep 100% of all Bitcoin held or acquired by the U.S. government. However, his executive order signed on Jan. 23 directed the President’s Working Group on Digital Assets to explore the feasibility of a broader national crypto reserve while banning the development of a central bank digital currency (CBDC). The order’s vague language frustrated Bitcoin supporters, who had expected a BTC-only approach.

Following the announcement, cryptocurrency prices surged. XRP jumped 33%, Solana’s SOL rose 22%, and Cardano’s ADA gained over 60%. Bitcoin climbed 10% to $94,425 after dipping below $80,000, while Ethereum rebounded by 12%.

Trump’s shift from a "stockpile" to a "reserve" suggests the government may actively acquire digital assets rather than just holding existing ones. The move comes after Bitcoin’s worst monthly performance since 2022 and a period of market uncertainty following Trump’s January executive order. The order mentioned the creation of a "digital asset stockpile," leading to concerns among Bitcoin advocates that the reserve could include other cryptocurrencies. Riot Platforms executive Pierre Rochard criticized the shift, while podcast host Walker posted on X, "Raise your hand if you think Donald Trump should make the national 'digital asset' stockpile Bitcoin only."

Trump will host the first White House Crypto Summit on March 7, bringing together industry executives and the Digital Asset Working Group to discuss the reserve’s future and crypto regulations. The administration’s approach to digital assets will be closely watched, as the policy change could impact the broader crypto market and financial regulations in the U.S.

Following his re-election in November, calls for a national Bitcoin reserve grew louder, helping drive BTC to new all-time highs. However, enthusiasm faded after the executive order’s wording left open the possibility of including multiple digital assets. Despite initial skepticism, Trump’s latest statement has reassured investors, as the inclusion of BTC and ETH signals a strong commitment to crypto.

Federico Brokate, head of 21Shares’ U.S. business, called the move a "pivotal moment" that highlights both Bitcoin’s role as a store of value and the importance of blockchain networks like Ethereum, Solana, XRP, and Cardano in financial infrastructure. Investors are now looking to the upcoming summit for further clarity on the administration’s crypto strategy.