On March 2, 2025, U.S. President Donald Trump announced the establishment of a U.S. Crypto Strategic Reserve, aiming to position the United States as a global leader in the cryptocurrency sector. This reserve will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).
Following the announcement, these digital assets experienced significant price surges. Bitcoin rose by 10% to approximately $94,371, Ethereum increased by 12%, XRP jumped 30%, Solana saw a 20% rise, and Cardano surged nearly 50%.
This initiative represents a notable shift from previous regulatory stances, with the current administration actively embracing digital assets. The specifics of implementing the Crypto Strategic Reserve remain under discussion, particularly regarding whether congressional approval is necessary or if it can be established through the U.S. Treasury’s Exchange Stabilization Fund.
In line with this strategic move, President Trump is set to host the inaugural White House Crypto Summit on March 7, 2025. The summit will bring together industry leaders to discuss regulations, stablecoin oversight, and the integration of digital assets into the national financial framework.
