Trump announced forming a U.S. Crypto Strategic Reserve, where he opted to add XRP, Solana (SOL), and Cardano (ADA) as initial assets, later followed by Bitcoin (BTC) and Ethereum (ETH). The move, announced on Truth Social on March 2, 2025, aims to position America as a global leader in crypto.
Trump framed the move as a correction to previous administration policies, stating:
“A U.S. 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.”
“I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”
The White House Crypto Summit on March 8 will bring together leaders in blockchain, regulators, and policymakers to influence the design, regulation, and incentives of the reserve. Crypto Czar will be venture capitalist David Sacks, and Bo Hines will oversee planning.
The TRUMP Organization recently filed the “TRUMP” trademark on February 24, 2025, directed towards NFTs, virtual real estate, and metaverse-connected experiences.
Trump’s Crypto Reserve initiative is a turning point, representing a shift in American crypto policy to spur institutional take-up and government-approved digital asset incorporation. The upcoming White House Summit will shape the nation’s next chapter of blockchain leadership.
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Sneha is a crypto enthusiast who loves turning complex crypto news into simple and clear information. She enjoys sharing the latest updates in the crypto world through engaging content that informs and keeps readers interested.
