KEY FACTS: On March 3, 2025, President Donald Trump announced via Truth Social that the U.S. would establish a Crypto Strategic Reserve, including Solana (SOL), XRP, and Cardano (ADA), alongside Bitcoin (BTC) and Ethereum (ETH), aiming to position the U.S. as the global leader in cryptocurrencies. The announcement, rooted in a January executive order, triggered massive market surges, adding $300 billion to the crypto market cap. Trump’s plan, reversing years of regulatory hostility under Biden, may involve using seized digital assets or government purchases, with further details expected at the White House Crypto Summit on March 7. The move has sparked debates over its feasibility, regulatory implications, and potential to legitimize crypto globally, while altcoins led a market rally, reducing Bitcoin’s dominance below 50%.
Source: Donald J. Trump
Trump Announces U.S. Crypto Strategic Reserve to Include Solana, XRP & Cardano
U.S. President Donald Trump announced on Sunday that his administration is pushing forward with plans to establish a Crypto Strategic Reserve, a national stockpile of digital assets designed to cement the United States’ position as the global leader in the rapidly evolving world of cryptocurrencies. The announcement, made via Trump’s social media platform Truth Social, specifically named Solana (SOL), XRP (Ripple’s token), and Cardano (ADA) as key components of this ambitious initiative, sparking an immediate surge in their market prices and igniting widespread speculation about the future of U.S. crypto policy.
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!
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Trump’s statement came as part of a narrative of reversing what he described as years of hostility toward the crypto industry under the previous administration. He said "A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration”. He further emphasized that his January executive order on digital assets had directed a Presidential Working Group to develop this strategic reserve, explicitly highlighting the inclusion of $SOL, $XRP, and $ADA. In a subsequent clarification, Trump added that Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization, would also form the “heart of the reserve,” addressing initial speculation that they had been overlooked.
The announcement triggered an explosive reaction in the cryptocurrency markets. Within hours, XRP surged by more than 24%, climbing to $2.80, while Cardano’s ADA skyrocketed by an astonishing 60.3%, crossing the $1 mark. Solana also saw significant gains, rising 25.5% to trade above $175 after recent lows near $125. Even Bitcoin, which Trump initially omitted from his first post, rallied 10% to $94,220, while Ethereum gained 13.1%. The broader crypto market followed suit, with the total cryptocurrency market capitalization jumping by an estimated $300 billion, according to some analysts. Bitcoin’s dominance—a measure of its share of the total crypto market—slipped from 55.4% to below 50% as altcoins like XRP, SOL, and ADA led the charge.
Trump’s vision for the Crypto Strategic Reserve appears to be a cornerstone of his administration’s economic strategy, aligning with his campaign promises to make the U.S. the “Crypto Capital of the World.” During his 2024 election bid, Trump garnered significant support from the cryptocurrency industry, a stark contrast to the regulatory crackdowns imposed by the Biden administration, which had targeted the sector over concerns about fraud, money laundering, and consumer protection. Less than two months into his presidency, Trump is moving swiftly to deliver on those promises, leveraging his executive authority to reshape the U.S. government’s relationship with digital assets.
Details about how the Crypto Strategic Reserve will operate remain scarce, fueling both excitement and uncertainty. In his January executive order, Trump established a Presidential Working Group tasked with studying crypto policy and evaluating “the potential creation and maintenance of a national digital asset stockpile.” Early indications suggested that the reserve could be built using cryptocurrencies seized by federal law enforcement agencies, a practice that has historically seen such assets auctioned off rather than retained. However, Trump’s language on Sunday marked a shift from a passive “stockpile” to an active “strategic reserve,” hinting at a more proactive approach that could involve government purchases or swaps of digital assets—a move some experts say would represent an unprecedented step into the crypto economy by a major world power.
Responding to the statement by President Donald Trump, Federico Brokate, head of U.S. business at 21Shares, a digital assets investment management firm said:
“This move signals a shift toward active participation in the crypto economy by the U.S. government,”...“If the U.S. starts accumulating a diversified portfolio of cryptocurrencies, it could set a precedent for other nations and further legitimize the asset class on a global scale.”
The inclusion of XRP, Solana, and Cardano—three cryptocurrencies often viewed as U.S.-centric due to their development ties—has drawn particular attention. XRP, the token of Ripple Labs, has long been embroiled in regulatory battles with the U.S. Securities and Exchange Commission (SEC), a fight that Ripple largely won in 2023 when a federal judge ruled that XRP was not a security in secondary market transactions. Solana, known for its high-speed blockchain, and Cardano, a proof-of-stake network focused on scalability and sustainability, have also emerged as prominent competitors to Ethereum. Trump’s decision to spotlight these altcoins alongside Bitcoin and Ethereum suggests a deliberate diversification strategy, though it has raised questions about whether Congress would need to authorize such a reserve or if it falls within the executive branch’s purview.
Market analysts have offered mixed reactions to the announcement. While the immediate price rally reflects investor enthusiasm, some caution that sustaining these gains will depend on broader economic factors. In recent weeks, cryptocurrencies had erased much of their post-election gains during the market downturn, making Trump’s announcement a timely catalyst for renewed bullish sentiment.
Adding to the intrigue, Trump is set to host the first-ever White House Crypto Summit on Friday, March 7, an event expected to shed more light on his administration’s plans. The summit, combined with the administration’s crypto-friendly rhetoric, has fueled speculation about potential regulatory reforms, tax incentives, or even the creation of a government-backed digital asset wallet. Trump’s family has also entered the crypto space, with the launch of their digital tokens, further intertwining the administration with the industry.
While we await the long response to President Trump's statement, here are a few questions to consider:
- Will the Crypto Strategic Reserve become a reality, and if so, how will it be funded and managed?
- Could this mark the beginning of a new era where governments actively hold and trade digital currencies?
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