President Trump announced plans to establish a U.S. Crypto Strategic Reserve, comparing it to the Strategic Petroleum Reserve. The initiative aims to position the U.S. as the world’s crypto capital and includes major cryptocurrencies like Bitcoin, Ethereum, Ripple, Solana, and Cardano. The announcement sparked significant market reactions, with crypto values surging up to 60%.
The plan represents a dramatic shift from Trump’s previous skepticism toward digital currencies, with broader implications for national cryptocurrency policy.
President Donald Trump stunned the cryptocurrency world by announcing plans for a U.S. “Crypto Strategic Reserve” through his social media platform Truth Social. The announcement marks a substantial shift from his previous stance, where he had dismissed cryptocurrencies as a scam (2021).
The reserve will include major cryptocurrencies such as Bitcoin, Ethereum, Ripple (XRP), Solana (SOL), and Cardano (ADA), leading to considerable market reactions across the crypto sector. Trump aims to establish a White House Summit to discuss the implementation details. The announcement set off record-breaking gains, with Cardano surging 60.3% in value.
The crypto implications were immediate and far-reaching, with the overall cryptocurrency market experiencing a nearly 20% surge within 48 hours of the announcement. Cardano led the gains with an extraordinary 60% increase, while XRP and Solana rose by 33% and 22%, respectively. Bitcoin and Ethereum also saw significant upticks, with increases of 10% and 12% respectively, though Bitcoin’s market dominance dropped below 50% following the news. Trump compared the new cryptocurrency reserve to the Strategic Petroleum Reserve in terms of its importance for national security.
Unlike traditional cryptocurrency stockpiles that merely hold seized assets, this strategic reserve represents an active buying initiative overseen by the Presidential Working Group on Digital Assets. The move is positioned as a key element in Trump’s vision to establish the United States as the global “Crypto Capital of the World,” reflecting a dramatic policy shift in favor of digital currencies.
The announcement has garnered substantial political support, with pro-crypto super PACs having already invested over $131 million in various political campaigns. Trump’s acceptance of cryptocurrency has been credited with helping to unseat Democratic rivals, and he has announced plans to replace current SEC Chair Gary Gensler with a more crypto-friendly nominee.
However, the initiative has not been without its critics. Bitcoin maximalists argue that the reserve should focus solely on Bitcoin, questioning the inclusion of alternative cryptocurrencies. The decision to include multiple cryptocurrencies has sparked debate within the crypto community, though supporters defend the diversification as strategic for developing strong financial infrastructure and payment systems.
The formation of the Crypto Strategic Reserve represents a significant development in U.S. cryptocurrency policy, with potential implications for global digital asset markets. The reserve’s structure allows for possible expansion to include additional cryptocurrencies in the future, suggesting a flexible approach to digital asset management.
This initiative marks a huge moment in the mainstream adoption of cryptocurrencies and signals a shifting landscape in U.S. financial policy.