Trump Orders Development of Crypto Strategic Reserve Including SOL, XRP, and ADA
President Donald Trump has instructed his Presidential Working Group on Crypto to proceed with establishing a Crypto Strategic Reserve that would include Solana (SOL), XRP, and Cardano (ADA), according to a Sunday morning post on Truth Social. The working group is led by executive director Bo Hines.
"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration," Trump stated in his post. "I will make sure the U.S. is the Crypto Capital of the World." Trump later added that the reserve would also include Bitcoin (BTC) and Ethereum (ETH), which are the two largest cryptocurrencies by market capitalization.
The federal government already holds substantial cryptocurrency assets. According to Arkham, the government possesses at least $17 billion worth of Bitcoin and approximately $120 million worth of Ethereum.
This direction builds upon Trump's January executive order, which tasked the working group with evaluating "the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts."
Trump's recent announcement represents the first time he has used the term "Crypto Strategic Reserve" instead of "stockpile." While some have used these terms interchangeably, they carry different implications for how the assets might be managed and utilized.
The news comes just days before Trump is scheduled to host the inaugural White House Crypto Summit. At this Friday event, the President will address "prominent founders, CEOs, and investors from the crypto industry." The summit will be managed by Hines and chaired by AI Crypto Czar David Sacks. The New York Post had previously reported in January about the possibility of Trump including U.S.-founded coins such as:
- USDC
- XRP
- SOL
In what was described as an "America-First" approach to a crypto reserve.
Trump's approach stands in stark contrast to policies in other nations like Switzerland, where the Swiss National Bank has explicitly rejected Bitcoin holdings in their reserves. Meanwhile, at the state level, Oklahoma's House Committee recently advanced a Strategic Bitcoin Reserve bill with a 12-2 vote that would allow investment of 10% of public funds in Bitcoin and large-cap digital assets. This reflects a growing trend, with 25 U.S. states having introduced similar legislation, though most bills remain pending or under consideration while five have been rejected.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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