President Donald Trump revealed plans to establish a United States Crypto Strategic Reserve that includes XRP, SOL, and ADA. This marks a policy shift for cryptocurrency in America.
President Trump Announces Crypto Strategic Reserve
The American President Donald Trump announced via Truth Social on Sunday, March 2, 2025. Trump specified that his January Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve.
These are the first concrete details about a US government-backed cryptocurrency reserve. The concept began circulating during Trump’s 2024 campaign.
Moreover, the cryptocurrency reserve announcement comes days before Trump is to host an inaugural White House Crypto Summit. The Summit will be held on Friday, March 7, 2025, and Trump will address prominent founders, CEOs, and investors from the crypto industry.
Executive Order Framework
The foundation for this crypto reserve was established on January 23, 2025. President Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology.”
This order marked a departure from previous federal approaches to cryptocurrency regulation. It emphasized support for blockchain technology and digital assets while banning any form of a central bank digital currency (CBDC).
Today’s announcement therefore represents an evolution of that policy, moving from exploration to implementation.
Market Response to Selected Cryptocurrencies
The markets responded immediately to Trump’s announcement. Many observers complained about Bitcoin’s absence from the list, and Bitcoin Magazine used the thumbs-down emoji to express their displeasure.
However, Trump later posted that BTC, ETH, and “other valuable cryptocurrencies” would be at the heart of the Reserve.
Due to the announcement, $ADA experienced a dramatic 61.84% price increase within minutes of the news breaking, pushing its value to $1.02. The XRP token, affiliated with Ripple, surged by 33.02%, approaching the $2.85 mark on major exchanges. The Solana price similarly recorded gains following its inclusion in the proposed reserve.
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