U.S. President Donald Trump signed an executive order to establish the Presidential Digital Asset Market Working Group to study the creation of a "National Strategic Digital Asset Reserve." Although the order does not specifically mention which cryptocurrencies will be included in the reserve, renowned analyst Scott Melker revealed that $XRP may be evaluated alongside Bitcoin ($BTC) for inclusion in the strategic reserve. Ripple CEO Brad Garlinghouse also supports the establishment of a U.S. reserve that includes a variety of cryptocurrencies for diversification.