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Mar 4, 2025 12:26 PM

Donald Trump’s Not-So-Strategic Crypto Reserve

When US president Donald Trump picked out a handful of cryptocurrencies for potential inclusion in a national strategic reserve, he sparked a trading frenzy—and questions about who stands to benefit.

Photograph: Anna Moneymaker/Getty Images

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Donald Trump provoked a riot of cryptocurrency trading and accusations of favoritism on Sunday after identifying several coins that may feature in a future US strategic crypto reserve. Alongside bitcoin, Trump said that XRP, solana, cardano, and ether will be considered for inclusion.

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” wrote Trump in a Truth Social post on Sunday.

“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!” he added two hours later, perhaps to appease the tribes he had forgotten to toast.