Donald Trump Announces Crypto Strategic Reserve: XRP, ADA, and SOL

Bittime - After a period of market decline over the past month, today the crypto market experienced a significant surge of 8% after President Donald Trump announced the creation of the Crypto Strategic Reserve.

This announcement immediately pushed up the prices of various digital assets. BTC rose 8.50%, ETH jumped 13%, while SOL, XRP, and ADA saw bigger spikes of 25%, 35%, and 65% respectively.

Crypto Strategic Reserve

Among the assets that benefited the most from this announcement were XRP (XRP), Solana (SOL), and Cardano (ADA). Trump directly confirmed that these three assets would be part of the Crypto Strategic Reserve. 

Apart from that, Trump also emphasized that Bitcoin (BTC), Ethereum (ETH), and several other cryptocurrencies will be included in this strategic reserve.

Trump demonstrated an increasingly strong pro-crypto stance by declaring, “I love Bitcoin and Ethereum.” He also criticized the previous government for hampering the development of the crypto industry in the US.

Read Also: Crypto Pump: Trump Announces “U.S. Crypto Reserve”, Crypto Market Surges  

Crypto Strategic Reserve: US Ready to Become the World's Crypto Center

Trump believes that the formation of the Crypto Strategic Reserve will strengthen the United States' position as the main center of the global crypto industry. 

Trump said that US Crypto reserves would lift this important industry after years of corrupt attacks from the Biden administration.

In addition, Trump emphasized his vision to make the US superior in the crypto world with his famous slogan, "Make America Great Again."

Impact of Crypto Strategic Reserve on the Crypto Market

The announcement of the Crypto Strategic Reserve sparked speculation that the US government would begin accumulating crypto assets on a large scale. If this happens, the market could experience a historically unprecedented rally.

This move could bring major changes in the regulation and adoption of digital assets in the US. If Trump continues with this policy, the US crypto industry could experience significant growth and attract more institutional investors.

With Trump's support for crypto becoming increasingly clear, market players are now looking forward to the next steps from the US administration in developing this industry. 

Read Also: Bitcoin Reserve: Understanding and Impact on the Global Economy  

Crypto Strategic Reserve FAQs

What is Crypto Strategic Reserve?

The Crypto Strategic Reserve is a crypto asset reserve announced by Donald Trump to strengthen the US position in the crypto industry. 

What Crypto Assets are Included in the Crypto Strategic Reserve?

The crypto assets confirmed in this reserve are Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). However, there is a high probability that other crypto assets considered valuable will also be included.

Will the Crypto Strategic Reserve Impact Crypto Regulation in the US?

Most likely yes because Trump has shown a pro-crypto stance and has the potential to create policies that are more supportive of this industry. This could include friendlier taxes as well as clearer rules for digital assets.

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Coinpedia, Trump’s Bold Move: Crypto Strategic Reserve Announced!, accessed March 3, 2025.

Author: IPR