On March 2, 2025, U.S. President Donald Trump announced the establishment of a U.S. Crypto Strategic Reserve, which will include the cryptocurrencies XRP (Ripple), SOL (Solana), and ADA (Cardano). This announcement led to significant price increases for these assets, with gains ranging from 10% to 35% on that day. 
President Trump stated that his executive order from January directed the Presidential Working Group to create this reserve, aiming to position the United States as a global leader in the cryptocurrency sector. This move represents a shift from the previous administration’s regulatory stance, which had imposed stricter controls on the industry to protect consumers from potential fraud and money laundering. 
The specifics of how this strategic reserve will be implemented remain unclear. Analysts are debating whether its establishment will require congressional approval or if it can be created through the U.S. Treasury’s Exchange Stabilization Fund, which traditionally manages foreign currency reserves. 
In conjunction with this initiative, President Trump is set to host the inaugural White House Crypto Summit on Friday, signaling the administration’s commitment to engaging with industry stakeholders and further integrating digital assets into the national financial framework. 
