U.S. President Donald Trump has reportedly directed the Presidential Working Group to advance plans for a Crypto Strategic Reserve, incorporating XRP, Solana (SOL), and Cardano (ADA)—all U.S.-based cryptocurrencies.
This initiative aligns with the administration’s broader strategy to position the U.S. at the forefront of digital asset innovation.
JUST IN:
President Trump has directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes $XRP, $SOL, and $ADA pic.twitter.com/5FeIu6Ohew
— CryptosRus (@CryptosR_Us) March 2, 2025
Establishing the Crypto Strategic Reserve
The concept of a national cryptocurrency reserve has gained traction in recent months, particularly following President Trump’s re-election, and the formation of the Presidential Working Group to look into the matter. The proposed reserve aims to bolster the nation’s financial infrastructure by integrating select digital assets.
Notably, the administration has shown interest in U.S.-founded cryptocurrencies, including XRP, SOL, and others, and this focus underscores a commitment to supporting domestic blockchain innovations.
Implications for the Crypto Market
Market reactions have been notable. Following reports of the administration’s interest, XRP’s price experienced a significant uptick. The digital asset is trading at $2.64, after a 23.28% jump in just a few minutes.
ADA has experienced an even bigger jump, currently trading at $0.8988, after rising by 41.70%. The news also decisively pushed Solana above the $150 resistance level for the first time since February 24, and it is now trading at $163.48, up 16.58% from yesterday.
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XRP has been a focal point in discussions surrounding the Crypto Strategic Reserve, as many Bitcoin maximalists pushed for a Bitcoin-only reserve.
Ripple CEO Brad Garlinghouse called for the inclusion of a broader range of assets to ensure the strength of the reserve, and Bitcoin’s exclusion from the announcement suggests the Trump administration is going in that more diverse direction.
The directive to establish a Crypto Strategic Reserve marks a significant step in integrating digital assets into national financial strategies. XRP, ADA, and SOL stand to gain prominence through increased adoption, and this move could further cement the U.S.’s dominance in the crypto space as Trump promised.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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