US President Donald Trump announced a crypto strategic reserve with the names of five digital assets he plans to include in a new US strategic reserve of cryptocurrencies, moving a step forward in his goal to create a national stockpile of digital assets. The decision, announced on March 2, brought cheer to the broader crypto market and drove up the prices of the tokens mentioned.
In January 2025, the president had signed an executive order to create a national digital asset stockpile, but the names of the assets were not announced. The five tokens to be included in the reserve are Bitcoin, Ethereum, Solana, Ripple-linked XRP, and Cardano.
Trump’s latest move is in line with his aim of overhauling US crypto policy, following up on his election promise to create a friendly regulatory environment for crypto and establish the US as the global crypto leader. Industry leaders say this could lead to increased participation of the US government in the crypto economy.
The social media post made by the president read as follows: “A US crypto reserve will elevate this critical industry after years of corrupt attacks by the Biden administration, which is why my executive order on digital assets directed the presidential working group to move forward on a crypto strategic reserve that includes XRP, SOL, and ADA,” Trump posted on his Truth Social account, referring to Ripple’s XRP, Solana and Cardano, without mentioning Bitcoin.
While the first post did not mention Bitcoin and Ethereum, a follow-up post by Trump clarified, “Obviously, Bitcoin and Ethereum, other valuable cryptocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum.”
Creating a US crypto strategic reserve aligns with Trump’s earlier promise at the Bitcoin 2024 conference in Tennessee that his administration would retain 100% of all Bitcoin the US government currently holds or acquires.
Crypto prices zoom after US Crypto Strategic Reserve announcement
The cryptocurrency market has been in a downturn for the past few weeks. President Trump’s announcement gave a significant boost to the global crypto market. The crypto market capitalization saw a massive 8.7% surge following the announcement, whizzing past $3 trillion. The tokens mentioned by President Trump saw a sharp surge. Here is how they are performing, as of publishing time.
- Bitcoin (BTC)
Bitcoin jumped above $94k following the news to settle around the $92k mark at noon IST, gaining an impressive 8% in the past 24 hours.
- Ethereum (ETH)
Ethereum also scaled past the $2.5k mark, settling around $2.4k at noon India time, showcasing an impressive gain of over 9% on the news of its inclusion in the US Strategic Crypto Reserve.
- Solana (SOL)
The US native crypto SOL mentioned in Trump’s first announcement saw immediate buying pressure as it surged past the $178 level, retreating to $169 at noon IST, gaining 18% in the last 24 hours.
- XRP
XRP, another US-origin crypto, also had a field day as it rose a whopping 32.7%, reaching $2.85—its highest level in over a week. XRP prices rationalized a bit, settling around $2.78 at 12 p.m. IST.
- Cardano (ADA)
ADA is the biggest gainer after yesterday’s US crypto strategic reserve announcement. The token gained over 60% to reclaim the $1 level, which was last seen a month ago. ADA is holding its $1 mark, trading at $1.04 at noon, IST.
Upcoming White House Crypto Summit
The naming of crypto assets to be included in the US Crypto Strategic Reserve comes days before the inaugural White House Crypto Summit. President Trump is expected to meet top crypto and Web3 industry leaders and investors to discuss the future of digital assets in the US.
The summit could likely shape the US administration’s stance on crypto regulations, institutional adoption, federal digital asset policies, and the structure and composition of the US Crypto Strategic Reserve.
The summit may mark a pivotal shift for institutional and retail crypto investors as Trump plans to position the US as the “crypto capital of the world”.
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Move likely to speed up institutional demand for crypto
The announcement of the US crypto strategic reserve is likely to lead to increased institutional demand for crypto as other countries would also look to establish a similar crypto reserve. Moreover, this could strengthen US leadership in digital asset innovation.
This might also lead to a new cold war as leaks reveal that Russian Lawmakers are also pushing for a Bitcoin Strategic Reserve as an alternative to foreign currency reserve in the aftermath of fund seizure by Western governments in response to the invasion of Ukraine.
Increased interest from central banks can create buying pressure, which can lead to a prolonged bull run, with crypto prices likely to reach new highs.
