Trump’s Crypto Shocker: XRP, SOL, ADA, BTC, and ETH Go Ballistic!

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Initially, Trump revealed that XRP, Solana (SOL), and Cardano (ADA) would be included in the reserve, prompting a massive surge in the value of these tokens. However, in a surprising twist, Bitcoin (BTC) and Ethereum (ETH) were not mentioned in the first announcement, triggering widespread speculation and frustration within the crypto community.

Within hours, Trump clarified in a follow-up post on Truth Social that BTC and ETH would indeed be part of the reserve, alongside XRP, SOL, and ADA. The market reaction was swift—Bitcoin surged past $91,000, Ethereum climbed over $2,400, and XRP, Solana, and Cardano saw double-digit percentage gains.


Bitcoin jumped on the news, Source,


Bitcoin Liquid Index


Ethereum jumped on the news, Source,


Ethereum Liquid Index


XRP jumped on the news, Source,


XRP Liquid Index

Strategic Crypto Reserve: A Political Power Move?

This announcement isn’t just about crypto—it’s a clear political statement. Trump framed the initiative as a direct countermeasure against the Biden administration’s “corrupt attacks” on digital assets, blaming his predecessor for creating an uncertain regulatory environment that has stifled innovation in the U.S. crypto sector.

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” Trump declared. “We are MAKING AMERICA GREAT AGAIN by ensuring that we lead the world in blockchain innovation.”

The executive order behind this initiative, titled “Strengthening American Leadership in Digital Financial Technology,” was signed in January. It outlines a pro-crypto, anti-CBDC stance, with strong support for blockchain development, stablecoins, and decentralized finance (DeFi). Notably, the order also explicitly bans the development of a central bank digital currency (CBDC), a move that aligns with Trump’s past criticisms of government-controlled digital currencies.

Why XRP, Solana, and Cardano First?

The choice of XRP, Solana, and Cardano in the initial announcement raised eyebrows. While these are major cryptocurrencies, Bitcoin and Ethereum have long dominated the market. The exclusion of BTC and ETH—even if temporary—sparked wild speculation about whether the administration favors certain networks over others. Some analysts suggested that these three assets were picked for their speed, scalability, and lower transaction costs, making them potentially more attractive for government-backed blockchain initiatives.

Market Reaction:

  • XRP jumped 33% within hours of the announcement.
  • Solana gained 22%, breaking through key resistance levels.
  • Cardano soared over 60%, experiencing its biggest single-day rally in years.
  • Bitcoin and Ethereum rebounded sharply once their inclusion was confirmed, indicating traders were waiting for clarity.

Crypto Summit and Policy Implications

The White House has announced that it will host its first-ever Crypto Summit on March 7, where policymakers, industry leaders, and investors will discuss the future of digital assets in the U.S. The summit is expected to offer more details on how the U.S. Crypto Reserve will function, whether it will be actively managed, and how it aligns with broader financial policies.

With this announcement, Trump is making it clear that his administration plans to position the United States as the dominant global player in the digital asset space. Whether this strategy pays off in the long run remains to be seen, but one thing is certain—crypto is now at the center of American economic and political discourse.

The announcement is good news for Crypto investors, Ripple, XRP, Solana, and the Cardano communities.

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2025-03-02 21:11