Trump’s crypto reserve plan has, without a doubt, sparked major price movements in selected cryptocurrencies. The XRP price jump, ADA growth, and SOL price increase were all seen immediately after the president announced his plans to include these digital assets in a strategic national reserve. At the time of writing, the announcement marks a significant and perhaps unexpected shift in US policy toward digital assets.
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How Trump’s Crypto Reserve Plan Drives Price Jumps for XRP, SOL, ADA
President Trump’s crypto reserve plan became public on March 2 when he posted on Truth Social. The market responded right away with an XRP price jump of nearly 30%, a SOL price increase of about 20%, and also a remarkable ADA growth exceeding 50%.
Presidential Announcement Details
Trump stated:
“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. I will make sure the U.S. is the Crypto Capital of the World.”
In a follow-up post, Trump added:
“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!”
Industry Response to Trump’s Crypto Reserve Plan
The crypto industry response has been, well, mixed to say the least. While markets have definitely reacted positively, with Bitcoin trading above $90,000, opinions are actually quite different when it comes to implementation of the Trump crypto reserve plan.
Michael Saylor, founder of MicroStrategy, said:
Bitcoin is the foundation of the crypto economy. pic.twitter.com/fzfBxuafAC
— Michael Saylor⚡️ (@saylor) March 2, 2025
“Bitcoin is the foundation of the crypto economy.”
Brian Armstrong, CEO of Coinbase, stated:
“Just Bitcoin would probably be the best option – simplest, and clear story as successor to gold.”
Also Read: Crypto Trader Scores $6.8 Million from Bitcoin & Ethereum Before Trump’s Post
Even longtime Bitcoin critic Peter Schiff questioned parts of the plan:
“But what’s the rationale for an XRP reserve? Why the hell would we need that?”
Implementation Challenges
The Trump crypto reserve plan faces significant implementation hurdles, and many experts are currently weighing in on these challenges. Arthur Hayes, former BitMEX CEO, expressed skepticism:
“Nothing new here. Just words.”
Alex Xu, research partner at Mint Ventures, suggested:
“However, in the long run, pushing assets like ADA and XRP as reserve holdings is absurd. It undermines the legitimacy of BTC as a strategic reserve and further reduces the chances of passing a BTC reserve bill at the federal level.”
President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the “Crypto Capital of the World.” More to come at the Summit.
— David Sacks (@davidsacks47) March 2, 2025
David Sacks, tech investor, emphasized the initiative’s importance:
“President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one E.O. 14178. President Trump is keeping his promise to make the U.S. the ‘Crypto Capital of the World.'”
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The White House Crypto Summit, scheduled for March 7, is expected to provide further clarification on the crypto reserve plan and its implementation strategies. Right now, the XRP price jump, SOL price increase, and ADA growth have positioned these altcoins quite favorably in the market following their inclusion in the proposed reserve.