Altcoin Cardano (ADA) led declines among major cryptocurrencies, dropping as much as 9% over the past 24 hours during U.S. pre-market hours on Friday, after President Donald Trump ruled out a diversified U.

Expectations of bigger plans for the largest cryptocurrencies fell short on Friday as the first-ever presidential crypto summit ended with promises of stablecoin legislation and lower regulatory resistance.

Donald Trump recently declared a U.S. Strategic Crypto Reserve that includes Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) and Cardano (ADA) as part of the portfolio. Even though the assets benefit from positive market conditions their considerable market size poses obstacles to significant price increases.

Longing Cardano (ADA) futures has emerged as the fastest growing trade on Bitrue after President Donald Trump announced plans to add the altcoin to a US strategic cryptocurrency reserve, the crypto exchange said on March 3.

President Donald Trump announced plans to establish a U.S. strategic reserve of cryptocurrencies. He named Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA)

UTC): This article has been updated to add information from a White House fact sheet. Update (March 7, 12:55 am UTC): This article has been updated to add more information from David Sacks’ X post and information on US government crypto holdings.

Sen. Elizabeth Warren on Friday, reclaimed her role as the lone dissenting voice amidst all the excitement triggered by the upcoming White House Crypto Summit.