XRP, Solana, Cardano’s ADA Prices Drop as White House Backpedals on Trump’s Crypto Reserve Plan
Cardano’s ADA, XRP and Solana’s SOL slid on Friday after a White House official backpedaled on President Trump’s recent announcement that he would sign an executive order instructing the Presidential Working Group to move forward with the creation of strategic crypto reserve comprised of ADA, XRP, SOL, bitcoin and ether.
“I think the president just gave five examples of cryptocurrencies in his post. Those five have to be the largest by market cap,” the senior White House official said in a call with reporters ahead of Friday’s White House Crypto Summit. “I think people are reading into that a little bit too much. The bottom line is, I think that what we’ve announced here is consistent with what the president has always said about the…
