The cryptocurrency community was hit with a stunning twist, when an executive order signed by President Donald Trump dashed the hopes of Ripple and its supporters.

After pouring millions into political contributions to push for XRP XRP/USD's inclusion in a U.S. sovereign crypto reserve, the company and its co-founders watched their efforts unravel.

President Donald Trump's executive order, signed this weekend and shared by David Sacks, aka "Crypto Czar," on X, dashed the hopes of Ripple and its supporters who poured millions into political contributions to push for XRP's inclusion in a U.S. sovereign crypto reserve.

After Trump had vowed to launch a crypto strategic teserve featuring XRP, the company and its co-founders watched those efforts unravel.

Back on March 2, Trump's promise to establish a crypto strategic teserve featuring XRP sparked a 36% price surge for the token within an hour.

However, the reality unveiled in the executive order was starkly different.

Rather than elevating XRP to a prized reserve asset, Trump designated it a "Stockpile Asset," rendering it largely unbuyable by the government, which can only hold or sell the token.

The document explicitly states, "the United States Government shall not acquire additional Stockpile Assets other than in connection with criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any agency without further executive or legislative action."

This sell-only stockpile isn't exclusive to XRP.

Other popular cryptocurrencies like Solana, Cardano, and Ethereum—also name-dropped by Trump in his earlier promise—landed in the same predicament.

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Bitcoin Emerges As Preferred Asset

On the other hand, Bitcoin is the only digital asset that the U.S. government is permitted to actively acquire, beginning with an initial allocation of roughly 200,000 BTC already in federal hands, largely derived from seizures and subject to later distribution to Bitfinex.

Trump's order kicked off a Bitcoin Strategic Reserve, with the Treasury and Commerce departments, helmed by Secretaries Scott Bessent and Howard Lutnick respectively, tasked to devise budget-friendly methods for boosting Bitcoin holdings.

The fallout for XRP was swift.

Following its March rally, the token managed to cling to just 10% of those gains, reflecting the widespread disappointment as the "XRP Army" saw its hopes crumble.

Social media lit up with frustration, with one X user, Fish Bernoulli, summing it up neatly on March 7: "Created a Bitcoin-only strategic reserve, tasked the treasury to buy more Bitcoin, put existing shitcoins in a stockpile & not buy more."

Adding a layer of confusion, Treasury Secretary Bessent appeared on CNBC the morning of March 10, hinting at a broader vision than the order presented.

"We're starting with Bitcoin, but it's an overall crypto reserve," he stated.

His comments drew attention given his role in shaping the acquisition strategy alongside Lutnick, leading some to speculate that perhaps future tweaks to the plan might still be in play.

The post Trump's Executive Order Slams Door Shut On U.S. Buying More XRP, Only Bitcoin On A/C Of This, Says Report