Trump's U.S. Crypto Reserve Excludes Binance Coin (BNB), Sending Its Price Soaring

President Donald Trump's executive order for a U.S. Crypto Strategic Reserve has caused a spike in digital asset prices but one notable absentee has raised eyebrows—Binance Coin (BNB).

President Donald Trump's executive order for a U.S. Crypto Strategic Reserve has led to a surge in digital asset prices. However, the absence of Binance Coin (BNB) from the initial selection has sparked discussion among crypto enthusiasts.

The new reserve will include Bitcoin (BTC), XRP, Solana (SOL), and Cardano (ADA), significantly expanding the scope beyond Bitcoin. Notably absent from the list is BNB, which currently holds a $86 billion market cap.

This omission has fueled speculation within the crypto community, with some suggesting that regulatory issues may have influenced the decision. As of the latest update, Bitcoin has risen above $90,000, while BNB has seen a 3.3% increase. Additionally, XRP, SOL, and ADA have experienced double-digit gains.

As Trump's picks seem to favor U.S.-founded projects, and BNB is not included in the initial selection, it might be added later. However, the executive order specifically mentions Bitcoin and Ethereum as future additions, with no mention of BNB.

In response to the speculation, Binance founder Changpeng Zhao (CZ) took to X (formerly Twitter) to provide clarity on the matter.

"This round is clearly U.S. coins. Kudos to them for moving things forward," CZ remarked.

Some Binance fans expressed disappointment over BNB's exclusion, but CZ urged patience, highlighting that Trump's comment on more assets to be added opens possibilities for future inclusion.

"We will get there. Patience, my friends. Trump: 'More assets may be named at a later time...'/ CZ: 'Some Binance fans are disappointed that BNB wasn't named in the initial selection.' "

CZ also noted that other countries will establish their own Crypto Strategic Reserves, which may incorporate BNB.

"Several other countries will follow suit and announce their own versions of a Crypto Strategic Reserve. My guess is that some of them will include crypto projects that are more active in that region, such as BNB for international initiatives."

According to CZ, the trend of state-backed digital asset reserves is unfolding, and BNB's role may be more prominent in global initiatives rather than in the U.S.

"The trend of state-backed digital asset reserves is happening. It's good for the industry and will continue. More will be added over time. More countries will."

For now, BNB holders will have to wait and see if the U.S. expands the reserve or if Binance's global presence leads to its inclusion in other countries' crypto reserves.input: The price of Bitcoin has dropped on Thursday morning, reversing some of the gains that pushed it to a new all-time high of $93,000 earlier this week.

The largest cryptocurrency by market capitalization was trading at around $89,000 by 07:15 ET (1215 GMT), down about 2.4% over the past 24 hours. It had risen to as high as $93,000 on Tuesday.

Bitcoin had soared to a three-week peak of $80,000 on Friday, after U.S. President Donald Trump ordered the creation of a strategic reserve for cryptocurrencies that would include Bitcoin, XRP, Solana, and Cardano.

The executive order, which was published on Wednesday, also directed the administration to study the potential addition of Ethereum and stablecoins to the reserve.

The administration is planning to test the feasibility of using cryptocurrencies for balance of payments and foreign exchange transactions, the order showed.

The order came as the Biden administration is grappling with the rapid rise of cryptocurrencies and the need to regulate the industry to protect consumers and the financial system.

The administration is also facing pressure from lawmakers, who have introduced legislation that would create a comprehensive framework for cryptocurrencies.

The cryptocurrency industry has exploded in recent years, with the total value of all cryptocurrencies now exceeding $3 trillion. Bitcoin, the world's largest cryptocurrency, has seen its price surge more than 1,000% since the beginning of 2020.output: The price of Bitcoin has dropped on Thursday morning, reversing some of the gains that pushed it to a new all-time high of $93,000 earlier this week.

The largest cryptocurrency by market capitalization was trading at around $89,000 by 07:15 ET (1215 GMT), down about 2.4% over the past 24 hours. It had risen to as high as $93,000 on Tuesday.

Bitcoin had soared to a three-week peak of $80,000 on Friday, after U.S. President Donald Trump ordered the creation of a strategic reserve for cryptocurrencies that would include Bitcoin, XRP, Solana, and Cardano.

The executive order, which was published on Wednesday, also directed the administration to study the potential addition of Ethereum