U.S. President Donald Trump's Crypto Reserves Proposal Includes XRP, Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH)

Although the specifics of U.S. President Donald Trump's crypto reserves proposal have yet to be disclosed; he recently officially identified XRP, Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH) as part of a planned U.S. strategic crypto reserve. The announcement drew various reactions from the community.

U.S. President Donald Trump has officially identified XRP, Solana (SOL), Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH) as part of a planned U.S. strategic crypto reserve, according to a recent report by Bloomberg. The announcement has sparked reactions from the crypto community.

As part of a broader effort to integrate cryptocurrencies into the U.S.A.’s financial infrastructure, the initiative aims to elevate the digital asset sector and support financial stability, hedge against inflation, and strengthen America’s position in the global crypto market. The Strategic Crypto Reserve is a national stockpile of digital assets being assembled to strengthen the digital asset sector and reinforce U.S. leadership in financial innovation.

After the announcement, Trump’s announcement of a U.S. strategic crypto reserve led to a sharp but temporary surge in cryptocurrency prices.

However, these prices slightly retreated as investors began to factor in the feasibility of Trump’s proposed crypto reserve and reports of U.S. tariffs on Mexico and Canada brought a selloff in the Asian trading session.

Investors also questioned the inclusion of XRP, SOL, and ADA in the reserve, resulting in a broad selloff that erased most of Sunday’s gains. Bitcoin dropped nearly 9%, while Ether, XRP, SOL, and ADA saw steeper declines.

Further fueling market uncertainty, details on the reserve’s implementation and fears over Trump’s trade policies brought more volatility.

Moreover, Trump’s known ties to key crypto figures, including Ripple’s Brad Garlinghouse and Solana’s memecoin ecosystem, raised concerns about political influence in the reserve’s token selection.

Prices as of March 4, 2025, 1:00 PM (a day after the announcement)

The crypto market saw $1.07 billion in liquidations as Bitcoin plunged below $87K, reversing gains from Trump’s crypto reserve announcement, with high leverage, stock market weakness, and profit-taking fueling the sell-off.

According to Carlos Tapang, CEO of Rock Stable, citing Anthony “Pomp” Pompliano, crypto projects and lobbyists successfully co-opted President Trump by framing their pitch around an “America First” crypto reserve, convincing him to include tokens perceived as “made in America.”

Pomp revealed that insiders who met with Trump confirmed this strategic appeal, which he initially doubted would work, believing Trump’s advisors understood Bitcoin’s geopolitical significance.

However, Tapang also noted that these crypto projects bypassed traditional lobbying and leveraged direct connections with Trump, his family, and administration officials to secure a taxpayer-backed exit liquidity opportunity for their ecosystems.

The local web3 community shared their views on which cryptocurrency should be included in the reserve, as the terms of the U.S. crypto reserve are still being finalized.

The comments feature mixed reactions, with some supporting the inclusion of XRP, Solana, Cardano, and HBAR in a U.S. crypto reserve, others advocating for Bitcoin only, and skeptics questioning the feasibility of a national crypto reserve, while some dismiss Trump’s pro-crypto stance as mere market hype.

In January, after Trump signed an executive order establishing a “national digital asset stockpile” to promote digital assets, BitPinas compiled a list of American cryptocurrencies that could potentially be included in the U.S. national crypto reserve.

This article is published on BitPinas: Industry Reacts To Trump’s Inclusion Of Non-Bitcoin Tokens To Crypto Reserve Plans

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