United States President Donald Trump has made yet another bold move in the crypto field. After earlier announcing plans to establish a strategic Bitcoin reserve, he now intends to include several additional digital assets.
Related Reading
In a Truth Social post, Trump stated that the US should stockpile XRP (XRP), Solana (SOL), and Cardano (ADA). He also added Bitcoin (BTC) and Ethereum (ETH) to the list, saying these would be “at the heart of the reserve.”
His most recent position has caused market responses and conversations over the potential effects on the nation’s adoption of cryptocurrencies.
Trump’s Initial Bitcoin-Only Plan Changes
At the Bitcoin 2024 meeting in Nashville, Tennessee, Trump first talked about his idea of a national Bitcoin reserve. He only talked about Bitcoin at the time and called it an asset of strategic value.
His words were different from what he had said before, when he was critical of cryptocurrencies. Now, he has added more tokens to his vision, showing how important they are in the digital market.
Listed Coins Rally After Trump Announcement
Following Trump’s announcement, the cryptocurrency market experienced a price increase in the listed assets: SOL, ADA, and XRP were by up to 62%, while, Bitcoin and Ethereum also jumped by more than 10% apiece, Sunday.
President Trump Announces U.S. Crypto Reserve, Adding Bitcoin, Ethereum, Solana, XRP, and Cardano
President Donald Trump has announced the creation of a U.S. crypto strategic reserve, directing the President’s Working Group on Digital Assets to include XRP, Solana (SOL), and…
— BRICS News (@BRICSinfo) March 2, 2025
No Clear Plan For Implementation?
While the idea of a US crypto reserve is gaining attention, details on how it would be structured remain vague. The President’s Working Group on Digital Assets, which Trump directed to explore the plan, has not yet laid out any guidelines.
There are no specifics on whether the government would buy these assets directly, regulate them differently, or simply acknowledge them as key financial instruments.
The 1st White House Crypto Summit
On March 7, Trump will host the inaugural White House Crypto Summit with industry executives and the Digital Asset Working Group to discuss US crypto regulation. The conference will address running a national cryptocurrency reserve, monetary policy, and market manipulation protections.
Related Reading
What Comes Next For Crypto Under Trump
With Trump at the helm, his administration’s stance on crypto could shape the industry’s future in the US. Unlike past administrations, which have often been doubtful or clearly hostile toward digital assets, his most recent comments suggest to a more open posture. This could lead to changes in policy impacting taxes, trade, and rules.
Although it’s unknown exactly when real action will follow Trump’s disclosure, right now the market is responding. Should his administration follow these ideas, the government’s attitude toward cryptocurrencies would drastically shift.
Featured image from Gemini Imagen, chart from TradingView
