President Donald Trump first floated the idea of a national reserve last summer, saying the country needs to “embrace” digital assets to compete with China. Trump said on Truth Social Sunday that a proposed national stockpile of digital assets would include XRP, Solana and Cardano. He later added it would also “obviously” include bitcoin and ether, the two most popular and valuable crypto assets. (The Logic)

Talking point: Trump’s announcement was met with a cool reception in the crypto world. Digital assets other than bitcoin and ether—sometimes politely grouped together as altcoins and impolitely as something ruder—are even more volatile and experimental than their better-known peers. National strategic reserves of commodities like petroleum and medical supplies are typically designed for governments to draw on in times of need. It’s unclear when the U.S. government would require an emergency supply of, for example, Solana, the native token of a blockchain best known as a vehicle for launching speculative meme coins, including Trump’s. The announcement sparked a crypto rally Sunday, followed by a drop in value Monday.