Trump Announces U.S. Crypto Strategic Reserve, Sparks Market Rally
U.S. President Donald Trump has unveiled plans to establish a Crypto Strategic Reserve to position the United States as a global leader in digital assets. The reserve will include Bitcoin, Ethereum, XRP,...
U.S. President Donald Trump has unveiled plans to establish a Crypto Strategic Reserve to position the United States as a global leader in digital assets.
The reserve will include Bitcoin, Ethereum, XRP, Solana, and Cardano, which immediately triggered a surge in cryptocurrency prices.
In a series of posts on Truth Social, Trump reaffirmed his support for Bitcoin and Ethereum, stating, “BTC and ETH, as well as other valuable cryptocurrencies, will be at the heart of the reserve. I also love Bitcoin and Ethereum!” He framed the initiative as a response to what he described as years of regulatory hostility under the Biden administration, vowing to restore the U.S.’s dominance in the sector.
Emphasizing his commitment, Trump declared,
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks. My Executive Order on Digital Assets has directed the Presidential Working Group to move forward with a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will ensure the U.S. becomes the Crypto Capital of the World.”
The announcement immediately fueled a sharp crypto rally, with Bitcoin surging 10% to $92,900, while Ethereum and altcoins experienced significant gains. XRP, Solana, and Cardano jumped as much as 64%, reflecting renewed investor confidence in a pro-crypto regulatory shift.
This surge comes as Trump prepares to issue an executive order designating cryptocurrency as a national priority, a move. The directive aims to foster stronger collaboration between the government and the crypto industry, including establishing a Crypto Advisory Council that will give industry leaders a direct role in shaping federal digital asset policies.
Reacting to the news, Ripple CEO Brad Garlinghouse emphasized the importance of unity within the crypto industry, stating, “I’ve said this before—the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a government digital asset reserve representative of the industry.”
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Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.
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