In a recent statement, President Donald Trump announced on Sunday that he intends to include XRP, Solana (SOL), and Cardano (ADA) in a proposed US crypto reserve. This announcement follows closely on the heels of Trump signing an executive order to create a working group specifically focused on digital assets.

The newly formed group will be responsible for exploring the possibility of establishing a national digital asset reserve and developing clear regulatory guidelines for the cryptocurrency industry. Interestingly, when signing the executive order, the President hadn’t yet specified any particular digital assets.

This initiative is being presented as a direct response to what President Trump has described as the Biden administration’s attacks on the crypto industry. The overarching goal of this proposed reserve is to strengthen and invigorate the digital asset sector within the United States.

Leading up to his inauguration, sources suggest that Trump had already considered the concept of establishing a strategic reserve that would include US-based cryptocurrencies like XRP, SOL, and USD Coin. While this proposal has sparked some concerns among industry experts – particularly regarding potential shifts in Bitcoin’s dominance – it has largely generated widespread excitement about its capacity to significantly boost the overall crypto market.

Looking ahead, President Trump is scheduled to host the inaugural White House Crypto Summit next Friday, bringing together industry leaders, CEOs, and investors to discuss the future of digital assets. This landmark summit will be led by David Sacks, appointed as the AI & Crypto Czar, and Bo Hines, serving as the Executive Director.