US Crypto Czar clarified Trump's mention of XRP, Solana, Cardano was not an endorsement

From StockTwits: 2025-03-07 14:32:16

White House AI and crypto czar David Sacks clarified President Trump’s remarks on digital assets, stating that his mention of XRP, Solana, and Cardano was not an official endorsement. Market sentiment turned bearish, with Cardano down 5.6%, XRP down 4.5%, and SOL down 0.4%. Bitcoin also fell to $87,800. Trump’s announcement of a Bitcoin Strategic Reserve excluded taxpayer-funded acquisitions of altcoins. Sacks’ claim regarding market cap rankings was challenged by CoinGecko data. Retail sentiment remained bullish for Cardano, XRP, and Solana, despite the drop in prices. Cardano’s price increased by 13.5% over the past year, while XRP surged nearly 300%, making it the best-performing of the three. Solana’s price remains down by 1.3% over the past year.



Read more at StockTwits: US Crypto Czar Clarifies Trump’s Mention of XRP, Solana, Cardano Wasn’t An Endorsement, Just A Nod To Their Market Cap