Ripple Labs executives, including CEO Brad Garlinghouse and Chief Legal Officer Stu Alderoty, reportedly pitched President Trump to include SOL in the crypto reserve plan announced on Sunday to give it more legitimacy among the crypto community, according to two sources familiar with the matter. The inclusion of SOL also helped Ripple convey that it was advocating for a crypto reserve that included several American tokens. 

Ripple Labs, which issues the token XRP, has been criticized for years as a largely speculative asset with insufficient usage to justify its $145 billion market capitalization. 

However, if that was the aim, the plan was unsuccessful as the public announcement was still met with ridicule by the crypto community. It did not help that Trump failed to mention bitcoin and ether in his post on the subject. 

The first three tokens mentioned, XRP, SOL, and ADA are not seen as stores of value, leading to many questions about whether the reserve is a serious project and will accumulate large amounts of these tokens or simply a way to give early investors and the insiders behind these tokens a public relations boost. The Polymarket odds on any of these assets being in a U.S. reserve currently only show Bitcoin above 50% (at 64%), with Ethereum second highest at 42%, and XRP and SOL neck and neck at 29% and 28%, respectively. There is no ADA reserve contract on Polymarket.

Ripple Wants Everyone to Work Together

In response to a request for comment on whether Ripple had pushed for the inclusion of SOL in a reserve to make their pitch for the inclusion of XRP seem more compelling, a Ripple press representative told Unchained to refer to a tweet from Garlinghouse on Sunday after Trump announced the reserve on Truth Social. 

The post read, “I’ve said this before – the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a govt digital asset reserve representative of the industry. Maximalism is the enemy of the industry’s progress. Glad to see POTUS recognizing we live in a multichain world and that we’re finally moving past Bill Hinman and the Biden administration’s SEC’s very broken thinking. I will certainly continue to champion this while in Washington at the end of this week.”

This is a common theme from Ripple leaders and communications—that the industry should work together and not draw swords against each other. Therefore, it also provides some cover for Ripple’s desire to include other tokens in the reserve.

All Eyes on Friday

The industry is now turning its gaze to the end of the week, when the White House is scheduled to host its first Crypto Policy Summit. Onlookers will be waiting for further details on the makeup of the reserve, including whether additional tokens will be added and insight into the procurement strategy. 

Another key question to be answered is whether a meaningful amount of tokens beyond BTC, and possibly ETH, will be included in the reserve. If just token amounts are set to be deposited then the overall impact of President Trump’s announcement on Sunday, which led to massive surges in the price of each token, could be nullified.

An opaque quote today from Commerce Secretary Howard Lutnick has already hinted that this might be the case. “A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday,” Lutnick said in an interview with The Pavlovic. 

“So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently,” he added.

Representatives for the White House and Solana, including Solana co-founder Anatoly Yakovenko, did not respond to a requests for comment before publication. After publication, Yakovenko confirmed on X that he had not pitched the president on including SOL in a reserve. 

UPDATE March 5th 8:03 PM ET: This story was updated to say that both representatives for Solana and the White House did not respond to a request for comment.

UPDATE March 6th 9:15 AM ET: This story was updated to include Yakovenko’s tweet confirming that he had not pitched SOL as a reserve asset.