Donald Trump has proposed the inclusion of altcoins such as XRP, Solana, and Cardano in a US crypto reserve, sparking mixed reactions from industry leaders. Following Trump's announcement on March 2nd, prices of these digital assets saw significant gains, with XRP rising over 35% and Cardano jumping more than 60%. Blockchain experts suggest the selection might be market capitalization-based rather than reflecting actual strategic value. Despite temporary gains, the crypto market has since experienced declines, with broader asset class sell-offs contributing to this downturn.

President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve, utilizing forfeited bitcoin assets held by the Treasury. This initiative aims to position bitcoin as a national reserve asset and underscores the administration's commitment to integrating digital currencies into the national financial strategy.