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Donald Trump has named Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) as cryptocurrencies he wants included in a new national strategic reserve.
Author: Sahil Thakur
United States President Donald Trump has named Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) as cryptocurrencies he wants included in a new national strategic reserve. His announcement, made via social media, sparked a rapid surge in crypto prices, with some tokens jumping by over 60%.
The move is part of Trump’s broader effort to position the U.S. as “the Crypto Capital of the World”. More details are expected during the first White House Crypto Summit on March 7, where industry leaders will discuss regulatory policies and the future of digital assets in the country.
Trump has undergone a notable shift in his stance on crypto. In 2021, he called Bitcoin a “scam” during an interview with Fox News. However, his campaign strategy has aggressively courted the crypto community, contrasting with the Biden administration’s regulatory crackdown on digital assets.
On Sunday, Trump signed an executive order directing the Presidential Working Group on Digital Assets to move forward with the creation of a Crypto Strategic Reserve. His post explicitly mentioned XRP, Solana, and Cardano, followed by a later update confirming that Bitcoin and Ethereum would also be “at the heart of the Reserve.
His previous executive order on January 23 had already instructed the group to evaluate the feasibility of a national digital asset stockpile. However, its vague wording and inclusion of multiple digital assets frustrated Bitcoin maximalists, who wanted a Bitcoin-only reserve.
Following Trump’s announcement, the crypto market responded swiftly:
Trump’s stance has added new political momentum to crypto, setting the stage for a policy shift that could favor digital assets under his administration.
Despite Trump’s executive order, key details remain unclear, including:
Trump has also banned research and development of a central bank digital currency (CBDC) in the U.S., reinforcing his administration’s anti-CBDC stance while promoting decentralized digital assets.
Industry experts and policymakers will discuss these issues at the upcoming Crypto Summit, which could shape the next phase of U.S. crypto policy.
The first person to pounce on the update was of course Eric Trump, who’s probably the most bullish Trump out there. He again took a shot at TradFi and pushed the crypto narrative. The reaction from the crypto community has been very positive after weeks of bad market action with some skeptics here and there as always.
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