United States President Donald Trump has announced plans to establish a US Crypto Strategic Reserve, naming Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) as the five digital assets to be included. The initiative aims to strengthen America’s leadership in the global digital asset market and provide support for the crypto industry.
Trump revealed the plan on Sunday through his social media platform, Truth Social, stating that his administration has directed a presidential working group to advance the creation of the reserve.
Trump said, “A US Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration. That is why my Executive Order on Digital Assets has directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.”
He emphasized his administration’s commitment to positioning the US as a global leader in cryptocurrency.
“I will make sure the US is the crypto capital of the world. We are making America great again!” Trump declared.
Trump also affirmed his support for Bitcoin (BTC) and Ethereum (ETH), which he described as essential to the proposed reserve.
“And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!” he added.
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Trump’s Growing Support for Cryptocurrency
The announcement follows Trump’s increasing support for digital assets. In December 2024, he hinted at plans for a US Bitcoin Strategic Reserve, stating that the country must stay ahead of competitors like China in the crypto space.
Speaking in an interview with CNBC at the time, Trump said, “We’re going to do something great with crypto because we don’t want China or anybody else… but others are embracing it, and we want to be ahead.”
When asked if the US would create a Bitcoin reserve similar to the Strategic Petroleum Reserve, he responded, “Yes, I think so.”
A Major Shift in US Crypto Policy
Trump’s new stance marks a significant shift in US cryptocurrency policy. Under President Joe Biden’s administration, the crypto industry faced regulatory scrutiny, with several lawsuits and enforcement actions taken by financial regulators against crypto firms.
Trump has repeatedly criticized these policies, accusing the Biden administration of being “hostile” toward digital assets.
“The Biden administration has done everything to destroy the crypto industry, but we will rebuild it stronger than ever,” Trump wrote in a previous statement.
His plan to establish a Crypto Strategic Reserve could provide government-backed legitimacy to digital assets and signal a pro-crypto shift in US economic policy.
The details of how the US Crypto Strategic Reserve will function remain unclear, but Trump’s announcement has already sparked strong reactions from the crypto community and financial markets.