Trump’s Crypto Reserve Sends Markets Soaring—But Critics Question XRP, SOL, and ADA’s Inclusion
President Donald Trump’s bold move to establish a U.S. Crypto Strategic Reserve has triggered a massive rally across the crypto industry, pushing the total market cap up nearly 20% in just 48 hours. However, not everyone is convinced—critics argue that the inclusion of altcoins like XRP, Solana (SOL), and Cardano (ADA) weakens the reserve’s legitimacy.
Crypto Market Booms as Trump Reshapes Policy
🔥 Bitcoin (BTC) surged 9.5%, Ethereum (ETH) jumped 13.8%, and Solana (SOL) skyrocketed 23.3%.
🔥 Cardano (ADA) led the charge with an astonishing 57.6% gain, while XRP climbed 31.7%.
🔥 Trump’s own memecoin (TRUMP) rallied 28.8%, continuing its recent price momentum.
🔥 The GMUSA Index, which tracks U.S.-based cryptocurrencies, saw a 25% surge—the highest among all GMCI indices.
A Crypto Reserve, Not Just a Bitcoin Reserve
President Trump’s executive order (E.O. 14178), signed in January, originally proposed a "national digital asset stockpile." His latest announcement marks the first time he explicitly called it a "Crypto Strategic Reserve."
While the reserve will initially hold BTC, ETH, SOL, ADA, and XRP, White House AI & Crypto Czar David Sacks hinted that more assets may be added.
Industry Divided Over Altcoin Inclusion
💥 AngelList co-founder Naval Ravikant slammed the idea of including non-Bitcoin assets, stating:
“The U.S. taxpayer should not be exit liquidity for cryptocurrencies that are decentralized in name only.”
💥 Aave founder Stani Kulechov criticized the lack of DeFi tokens, calling the reserve "strategic but flawed."
💥 Vocal Bitcoin critic Peter Schiff, surprisingly open to a Bitcoin reserve, questioned why XRP was included:
“We have a gold reserve. Bitcoin is digital gold. But why the hell would we need an XRP reserve?”
What’s Next?
🔹 Trump’s Crypto Summit on Friday is expected to reveal more details about the reserve’s long-term goals.
🔹 If additional cryptocurrencies are added, investors could see further volatility and potential price spikes.
🔹 Meanwhile, Bitcoin maximalists continue pushing for a BTC-only reserve, setting the stage for further policy debates.
Will Trump’s Crypto Reserve be a game-changer, or is this just political posturing before the 2024 election?
