U.S. National Crypto Reserve: XRP, Solana, and Cardano in the Spotlight of State Reserves

The President of the United States, Donald Trump, has officially announced the inclusion of cryptocurrencies XRP (XRP), Solana (SOL), and Cardano (ADA) in the future national crypto reserve. He made this statement on March 2, 2025, via his social media platform, Truth Social, emphasizing the need to accelerate the work of the Presidential Digital Assets Task Force.

Publication on the social network Truth Social. Source: realDonaldTrump.

The initial announcement sparked discussions, as Trump, who had previously referred to Bitcoin as the foundation of the state reserve, did not mention it in his statement. However, a few hours later, he clarified that Bitcoin and Ethereum would serve as the foundation of the future reserve, while XRP, Solana, and Cardano would complement it. The president believes this move will help restore trust in the digital industry following the "prolonged restrictions" imposed by the current U.S. administration.

The statement regarding the expanded list of crypto assets immediately impacted the market. Within the first few hours after the announcement, XRP surged by over 30%, approaching a price of $2.83. Solana also saw a price increase of approximately 31%, reaching $179. However, the biggest surprise came from Cardano, which experienced a nearly 60% jump, rising from $0.6515 to $1.0447.

Despite the initial omission of Bitcoin, after Trump’s clarification, the leading cryptocurrency also strengthened its position, surpassing the $91,500 mark with a daily gain of over 6%. The market appears to have reacted optimistically to the president’s promises to make the U.S. a global hub for cryptocurrencies, particularly through the creation of a large-scale crypto reserve and the upcoming "crypto summit" at the White House on March 7, 2025.