XRP, SOL, and ADA Decline After White House Crypto Czar David Sacks’ Statement

Did Trump just hint at XRP, SOL, and ADA becoming part of a U.S. crypto reserve? His latest Truth Social post set off a storm of speculation. But before the excitement could gain traction, White House crypto policy chief David Sacks poured cold water on the idea.

Sacks was blunt in his Bloomberg TV interview: “The president just mentioned the top five cryptocurrencies. People are reading too much into it.” His remarks suggest no immediate plans for these assets in the government’s crypto strategy.

Check this out: Trump Launches the U.S. Bitcoin Reserve: The First Step Toward a Crypto Empire?

Uncertainty looms over the status of XRP, SOL, and ADA in the U.S. crypto reserves, as David Sacks announced plans for a full-scale audit. He underscored the need for precise digital asset management, confirming that the U.S. currently holds over 198,000 BTC, valued at $17 billion, per Bitcoin Treasuries.

His statement triggered a market downturn: SOL fell by more than 4% in 24 hours, while XRP and ADA dropped over 7%.
Meanwhile, on March 7, the White House hosted its first-ever Crypto Summit, drawing top executives from Ripple, Gemini, Robinhood Crypto, Crypto.com, Chainlink, Anchorage, and other industry giants.

A worthwhile read: Trump to Host First-Ever White House Crypto Summit

The conversation focused on defining clear regulatory pathways and structuring a state-controlled crypto reserve, marking a significant step toward integrating blockchain into national finance.

The debate over adding altcoins to government holdings has raised broader questions about how state-led initiatives can drive innovation while maintaining financial oversight. Transparency and efficiency remain at the heart of the discussion as authorities refine their approach to managing digital reserves.