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XRP, SOL, ADA Join Bitcoin in U.S. Strategic Reserve in Trump's Newest Crypto Policy

  • Writer: Mag Shum
    Mag Shum
  • Mar 3
  • 3 min read

Key Points

  • Research suggests Trump's latest crypto policy, announced March 2, 2025, includes Ripple (XRP), Solana (SOL), and Cardano (ADA) in a strategic reserve, boosting market sentiment.

  • It seems likely that this led to a crypto market rally, with prices recovering from February losses, though reactions vary.

  • The evidence leans toward positive global sentiment, but concerns about U.S. coin selection and Trump's personal stakes may spark skepticism.


Trump's Crypto Policy Overview

President Donald Trump's cryptocurrency policy, updated on March 2, 2025, builds on his January 23, 2025, executive order. The latest development is his statement on Truth Social, specifying that the Crypto Strategic Reserve will include Ripple (XRP), Solana (SOL), and Cardano (ADA), expanding beyond Bitcoin. This follows earlier actions like forming a working group for regulations and banning central bank digital currencies (CBDCs).


Immediate Market Impact

The crypto market rallied right after the announcement, recouping some February losses, likely due to Trump's announcement. Bitcoin prices, for instance, were reported at $92k on that day, up from earlier in January, though some reports noted mixed reactions due to lack of immediate details.




Policy Background and Details

Trump's policy shift began during his 2024 campaign, where he promised to make the U.S. a "crypto superpower," halting government Bitcoin sales and establishing a strategic reserve, as highlighted in his July 2024 Bitcoin Conference speech in Nashville (Trump's Crypto Promises). Post-election, with a Republican-led Congress, he signed the executive order on January 23, 2025, focusing on supporting digital assets and blockchain technology (Executive Order Details). Key components include:


  • Crypto Working Group: Establishes the President's Working Group on Digital Asset Markets, chaired by David Sacks, Trump's "crypto and AI czar," to propose a regulatory framework within 180 days (by July 2025) and evaluate a national digital asset stockpile (Working Group Formation).


  • National Stockpile: Explores retaining seized cryptocurrencies (e.g., 200,000+ BTC worth ~$20 billion) as a strategic reserve, initially mentioned for Bitcoin, with potential expansion to other coins (Stockpile Exploration).


  • Banking Access: Mandates fair banking access for crypto firms, rescinding Staff Accounting Bulletin 121 (SAB 121) to ease bank custody, addressing industry claims of "Operation Choke Point 2.0" (Banking Protections).


  • CBDC Ban: Prohibits central bank digital currencies (CBDCs), endorsing USD-pegged stablecoins instead, reversing Biden's Executive Order 14067 (CBDC Ban).


  • Deregulation: Reviews existing regulations within 60 days (by March 24, 2025), aiming for clarity, with SEC pick Paul Atkins and Treasury nominee Scott Bessent expected to ease enforcement (Regulatory Clarity).


Global Implications

This policy could encourage global crypto adoption, with other nations possibly following suit. However, it may raise concerns about U.S. dominance in coin selection, especially given Trump's personal crypto stakes, potentially affecting international trust.

The policy's long-term implications include:


  • Increased Credibility for Specific Coins: The inclusion of Ripple, Solana, and Cardano in the U.S. strategic reserve enhances their credibility, potentially boosting their prices and adoption. This could attract institutional investors, with Pennsylvania's 2024 Bitcoin bill as a precursor (Institutional Adoption).


  • Market Stability and Growth: Retaining seized BTC and now including XRP, SOL, ADA could reduce sell-pressure, stabilizing prices, though funding and management details are unclear (Stockpile Impact).


  • Volatility Risks: Lack of specifics may lead to short-term volatility, with traders awaiting the working group's July 2025 report, potentially causing price swings (Volatility Concerns).


  • Conflict of Interest: Trump's personal stakes could erode trust, with investors wary of policies favoring his ventures, potentially impacting market confidence (Ethics Concerns).


Conclusion

Trump's latest policy update, specifying the inclusion of Ripple, Solana, and Cardano in the Crypto Strategic Reserve on March 2, 2025, reinforces his administration's pro-crypto stance. It likely boosted crypto prices immediately, with long-term implications for market growth and global sentiment. However, its success hinges on implementation, with mixed reactions underscoring market sensitivity to policy clarity.



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