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 Cardano (ADA) as part of the initiative. In a follow-up statement, Trump later confirmed that Bitcoin (BTC) and Ethereum (ETH) would also be included, calling them the “heart of the reserve.”
The announcement aligns with Trump’s previous commitment at the Bitcoin 2024 Conference in Nashville, Tennessee, where he pledged to establish a “strategic national Bitcoin stockpile.” During his speech, Trump stated that if re-elected, his administration would retain 100% of all Bitcoin currently held or acquired by the U.S. government, emphasizing that Bitcoin would serve as the foundation of the nation’s digital asset reserve.
Trump’s position on Bitcoin and cryptocurrency policy shifted following his January 23 executive order, which directed the Working Group on Digital Assets to evaluate the feasibility of a national crypto reserve and establish a regulatory framework for stablecoins. The same order banned the research and development of a central bank digital currency (CBDC) in the United States.
As debates over the reserve’s composition continue, President Trump is set to host the first White House Crypto Summit on March 7, where industry executives and policymakers will discuss crypto regulation and the future of digital assets in the United States. The summit is expected to address key issues, including regulatory frameworks, the role of stablecoins, and the long-term impact of the crypto strategic reserve.
- Bitcoin
- Ethereum
- SOL
- XRP
- ADA