Cardanos Ada, XRP and Solana’s sun slipped on Friday after an official house in the White House detained on President Trump’s recent announcement that he would sign an executive order instructing the president’s working group to move forward with the creation of strategic crypto reserve consisting of ADA, XRP, Sun, Bitcoin and Ether.

“I think the president just gave five examples of cryptocurrencies in his post. These five must be the largest of the market capital,” the Senior Officer of the White House said in a call with journalists ahead of Friday’s crypto summit in the White House. “I think people are reading into it a little too much. The bottom line is, I think what we have advertised here is in line with what the president has always said about space.”

According to data from CoingeCKO, the official’s claim is not strictly true. Taking the two largest stableecoins – Tether’s USDT and Circle’s USDC – the five largest cryptocurrencies with market capital are Bitcoin, Ether, XRP, Binance’s BNB and Sol. Dogecoin is the sixth largest cryptocurrency with market capital with ADA right behind it.

In a March 2nd post on social media, Trump claimed that a “American cryptor reserve will raise this critical industry after years of corrupt attacks from the Biden administration.” The announcement that it would include sun, ADA and XRP was met with criticism from many in the industry who expressed concern that the inclusion of altcoins in a strategic reserve could be a tool for corruption and self -management.

On March 6, Trump signed an order that instructed his administration to create a strategic reserve in Bitcoin, capitalized with the US government’s seized Bitcoin holdings. The Crypto storage containing other cryptocurrencies will be a separate device.

Ada fell over 5% to $ 0.82 in the minutes following his comments. XRP slipped 3.5% to $ 2.41 while the sun was down by 2%. All three tokens are firm down over the past 24 hours next to a weak crypto market. Meanwhile, BTC dropped to $ 87,000 and gave up early morning gains.

Senior leaders from the entire crypto industry have convened in Washington, DC to the White Huss’s first crypto summit on Friday afternoon. Crypto companies including Ripple, Gemini, Robinhood Crypto, Crypto.com, Chainlink and Anchorage will be present.