Trump Names Cryptocurrencies in U.S. Strategic Reserve, Sending Prices Soaring.
In a landmark announcement, former U.S. President Donald Trump revealed the names of five digital assets that will be included in a new U.S. Strategic Crypto Reserve. The news sent cryptocurrency markets surging, with Bitcoin (BTC) surpassing $92,000 and Ether (ETH) jumping to $2,456.
Trump’s Big Crypto Move
On Sunday, Trump took to Truth Social to confirm that his January executive order on digital assets would establish a government stockpile of cryptocurrencies, including Bitcoin, Ether, XRP, Solana, and Cardano. The announcement marked a major shift in U.S. policy, signaling a stark contrast to the stricter regulatory stance under his Democratic predecessor, Joe Biden.
More than an hour later, Trump doubled down on his commitment, stating:
“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve.”
Market Reactions and Industry Buzz
The market responded swiftly, with Bitcoin and Ether leading a price surge. XRP, Solana, and Cardano also saw double-digit gains, reflecting renewed investor confidence.
The move was met with both excitement and skepticism. Federico Brokate, head of U.S. business at 21Shares, called it a turning point for crypto:
“This signals a shift toward active participation in the crypto economy by the U.S. government. It could accelerate institutional adoption, provide greater regulatory clarity, and strengthen the U.S.’s leadership in digital asset innovation.”
However, James Butterfill, head of research at CoinShares, questioned why assets beyond Bitcoin were included:
“Unlike Bitcoin, these assets are more akin to tech investments. This suggests a more patriotic stance toward the broader crypto space, rather than a decision based on fundamental value.”
Crypto-Friendly Policies Under Trump
The announcement aligns with Trump’s broader efforts to embrace the crypto industry, a sector that largely backed his 2024 election campaign. Under his leadership:
âś… The SEC dropped investigations into major crypto firms.
âś… A lawsuit against Coinbase was withdrawn.
âś… The first-ever White House Crypto Summit is scheduled for Friday.
This is a sharp reversal from Biden’s administration, which ramped up enforcement to combat fraud and money laundering in the sector.
What’s Next?
While this strategic reserve could position the U.S. as a leader in digital assets, there are lingering questions:
- How will the reserve operate? No details have been provided on its structure or governance.
- Will it increase volatility? Markets initially reacted positively, but prices had been declining in recent weeks.
- Is this politically motivated? With Ripple (XRP) funding pro-crypto political efforts, some see this as a move to reward industry allies.
One thing is clear: Trump’s pro-crypto stance is reshaping the industry, and his administration’s next moves could define the future of digital assets in the U.S.
