President Donald Trump is making waves in the digital currency world as he proposes a United States Crypto Reserve featuring XRP, Solana, and Cardano along with Bitcoin and Ethereum, sending values soaring and positioning America as a global crypto leader.
At a Glance
- Trump announced plans for a U.S. “strategic reserve” of cryptocurrencies including Bitcoin, Ethereum, XRP, Solana, and Cardano
- The announcement triggered significant price surges across crypto markets with XRP up 34%, Solana up 22%, and Cardano up 63%
- Trump signed an Executive Order supporting blockchain innovation while banning central bank digital currencies
- The first-ever White House Crypto Summit is scheduled for March 7 to discuss the future of digital assets
- The President’s Working Group on Digital Asset Markets is advancing the crypto reserve initiative
Trump’s Vision for America’s Crypto Future
Writing on Truth Social, President Donald Trump announced his administration is considering five major cryptocurrencies for inclusion in a new United States “strategic reserve.”
The announcement marks a significant policy shift as America positions itself at the forefront of digital currency innovation. Trump’s proposal includes Bitcoin, Ethereum, XRP, Solana, and Cardano as foundational elements of this new reserve system, demonstrating the administration’s commitment to embracing blockchain technology and cryptocurrency development.
“I will make sure the U.S. is the Crypto Capital of the World,” Trump said.
The President’s Working Group on Digital Asset Markets is already moving forward with the implementation of the crypto reserve. According to the administration, XRP, Solana, and Cardano will form “the heart of the Reserve,” highlighting their strategic importance in Trump’s vision for America’s crypto future. This announcement represents one of the most significant endorsements of cryptocurrency by a U.S. administration and signals a dramatic shift in federal policy toward digital assets.
Market Impact and Industry Response
The crypto market responded immediately and dramatically to Trump’s announcement. Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, saw impressive gains of over 10% and 12% respectively. However, the most substantial increases came from the altcoins specifically named in Trump’s post. XRP surged by 34%, Solana jumped 22%, and Cardano experienced a remarkable 63% increase in value, demonstrating the significant market-moving power of presidential endorsements in the crypto space.
— BitMEX (@BitMEX) February 14, 2025
This announcement has helped reverse a recent downward trend in cryptocurrency values, providing a much-needed boost to the market. The crypto industry has proven to be a significant supporter of Trump, with substantial contributions to political action committees during the 2024 election cycle. This support appears to be paying dividends as the administration takes increasingly crypto-friendly positions, including dropping an SEC lawsuit against Coinbase and halting investigations into several crypto firms.
White House Crypto Summit and Executive Actions
David Sacks, who serves as the White House AI and Crypto Czar, announced that more details about the strategic reserve will be shared at the upcoming White House Crypto Summit scheduled for March 7. This first-ever summit will bring together industry leaders to discuss the future of digital assets and blockchain technology in America. The summit will be co-chaired by Sacks and Executive Director Bo Hines, underscoring the administration’s commitment to engaging with industry experts.
Trump has already taken concrete steps to advance his crypto agenda by signing an Executive Order titled “Strengthening American Leadership in Digital Financial Technology.” This order explicitly supports blockchain innovation and dollar-backed stablecoins while prohibiting the development of Central Bank Digital Currencies (CBDCs). This move aligns with conservative concerns about government overreach in the financial system and emphasizes market-driven solutions over centralized control.
The administration’s crypto-friendly policies have previously fueled significant market rallies, with Bitcoin reaching an all-time high of $109,350 in January 2025. Trump’s personal involvement in the cryptocurrency space extends beyond policy, as both he and First Lady Melania Trump have launched their own branded cryptocurrencies, though these tokens have faced volatility challenges in recent months.
