Donald Trump has made some significant announcements regarding a US crypto reserve. On March 2, 2025, he revealed plans to create a Crypto Strategic Reserve, which would include Bitcoin, Ethereum, XRP, Solana, and Cardano ¹ ². This move aims to position the US as a global leader in crypto and make America the "Crypto Capital of the World" ¹.
The reserve will be capitalized with Bitcoin owned by the Department of Treasury, which was forfeited as part of criminal or civil asset forfeiture proceedings ³. Other agencies will also evaluate their legal authority to transfer any Bitcoin owned by those agencies to the Strategic Bitcoin Reserve.
Following Trump's announcement, cryptocurrency prices surged, with Bitcoin's price jumping from around $85,000 to nearly $95,000 ². Other cryptocurrencies, including Cardano and XRP, also saw notable increases.
It's worth noting that Trump's shift from a "stockpile" to a "reserve" suggests the government may actively acquire digital assets rather than just holding existing ones ⁴. The move has sparked renewed interest in legislative efforts to establish national Bitcoin reserves, with Senator Cynthia Lummis' Strategic Reserve Bill aiming to have the US gove
rnment buy 1 million BTC over several years ².
