Summary: President Donald Trump has unveiled a plan for a U.S. Crypto Reserve, selecting XRP, Solana (SOL), and Cardano (ADA) and sidestepping Bitcoin and Ethereum. He made the announcement on Truth Social, saying this will make America’s digital asset industry stronger after what he termed “corrupt attacks” by the Biden administration.
This announcement ties back to an Executive Order he signed in January, directing the Presidential Working Group to study a crypto reserve. Meanwhile, Senator Cynthia Lummis is pushing for a Bitcoin reserve, and some states are considering their own crypto initiatives.
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On March 8, Trump will host a White House crypto summit, led by venture capitalist David Sacks and Working Group director Bo Hines, bringing in top industry leaders.
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Separately, the TRUMP Organization recently filed a trademark for “TRUMP,” hinting at metaverse-related projects. As Trump pushes his crypto agenda, he’s setting the stage for America to lead in digital assets.
