Trump’s Crypto Reserve Plan Shakes Markets as XRP, SOL, and ADA Surge

• Trump’s crypto reserve plan excluded Bitcoin at first, boosting XRP, SOL, and ADA before later confirming BTC and ETH inclusion.
• The crypto reserve idea dates back to Trump’s 2024 campaign, with a working group now assessing its feasibility under his administration.
• Legal uncertainties remain over the reserve’s implementation, with experts debating whether congressional approval is required.

President Donald Trump announced the creation of a U.S. Crypto Strategic Reserve, excluding Bitcoin in his initial statement. This decisions started market reactions, with XRP, SOL, and ADA increasing in response. Later, he clarified that Bitcoin and Ethereum would also be included. His administration aims to position the U.S. as the global leader in cryptocurrency. However, uncertainty remains over how the reserve will operate.

Market Reactions and Price Movements

Bitcoin and Ethereum supporters expressed disappointment over their initial exclusion. Roughly an hour later, Trump reassured the market that BTC and ETH would be integral to the reserve. Consequently, price fluctuations occurred across the broader crypto market.

Besides, previous discussions on a crypto reserve date back to Trump’s 2024 campaign. After taking office in January, he signed an executive order directing a working group to evaluate the idea. However, the order did not mandate immediate implementation. Instead, it instructed experts to assess the feasibility of a national digital asset stockpile.

Regulatory and Strategic Implications

Trump’s move aligns with growing interest from lawmakers in digital asset reserves. Senator Cynthia Lummis had previously proposed a bill advocating for a strategic Bitcoin reserve. The bill aimed to allow the U.S. Treasury to acquire one million BTC over five years. However, it failed to gain traction. Some states have also attempted to establish similar reserves, but most efforts have stalled.

Additionally, uncertainty regarding the legislative framework for implementing the reserve into effect exists. Some have argued that congressional approval is required, while others would propose the use of the Treasury’s Exchange Stabilization Fund. Thus, regulatory clarity remains a key consideration.

Moreover, broader market conditions influence crypto prices. Recent weeks have seen sharp declines, with many digital assets erasing post-election gains. Analysts suggest that a pro-crypto regulatory framework or Federal Reserve interest rate cuts could boost sentiment.

The inaugural White House Crypto Summit will take place on Friday under Trump’s administration. Government representatives and business executives will talk about ways to incorporate digital assets into national policy. However, many details about the reserve remain unclear. Investors continue to monitor developments closely, anticipating further regulatory guidance.