US President Donald Trump has announced Bitcoin, Ethereum, XRP, Solana, and Cardano as the five digital assets in a proposed US crypto strategic reserve.
Trump disclosed the plan in a Sunday post on Truth Social, his social media platform. He said a presidential working group had been directed to advance the creation of the reserve.
He said the initiative aims to strengthen America’s position in the global digital asset market and bolster the crypto industry.
“A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” Trump said.
“I will make sure the US is the crypto capital of the world. We are making America great again!
“And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!”
In December, Trump signalled his support for the crypto industry, revealing plans to establish a US strategic reserve for bitcoin.
“We’re going to do something great with crypto because we don’t want China or anybody else… but others are embracing it, and we want to be ahead,” Trump told CNBC.
When asked if the US would set up a Bitcoin reserve similar to its strategic petroleum reserve, Trump responded, “Yes, I think so.”
