U.S. President Donald Trump recently announced that XRP, Solana (SOL), and Cardano (ADA) would be incorporated into a U.S. strategic crypto reserve. He initially omitted mentioning Bitcoin (BTC) and Ethereum (ETH) but later confirmed that they would also be included in the reserve. Following the announcement, XRP, SOL, and ADA saw significant price increases, while BTC and ETH enthusiasts expressed mixed feelings.

Key Points:

• Trump stated the U.S. Crypto Reserve will boost the cryptocurrency industry after challenges from the Biden Administration.
• Initial prices surged with ADA up 63%, SOL rising by 23%, and XRP increasing by 32% shortly after the announcement.
• Trump emphasized creating the reserve to position the U.S. as the leading hub in the cryptocurrency space.

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration…” Translation: A U.S. Crypto Reserve will enhance this important industry after years of harmful actions by the Biden Administration.

Trump has been advocating for establishing a strategic crypto reserve since his 2024 presidential campaign, with discussions surrounding the logistics of creation ongoing.

Notably, Senator Cynthia Lummis previously suggested legislation for a U.S. strategic Bitcoin reserve, while David Sacks, the White House crypto czar, highlighted Trump’s focus on crypto assets, noting his association with Solana.

UPDATE: Further clarifications and responses will come as details unfold surrounding the establishment of the reserve.