Donald Trump Announces Plan For US Crypto Strategic Reserve- wna24

Washington DC: US President Donald Trump revealed plans to establish a Crypto Strategic Reserve, comprising major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). According to reports, the US president’s move is expected to strengthen the country’s position as a global leader in the digital asset space.

Reports suggested that US President Trump’s directive to the Presidential Working Group to move forward on the Crypto Strategic Reserve has been met with enthusiasm from the crypto community. The reserve is envisioned as a government-managed pool of major cryptocurrencies, held as part of national reserves, similar to gold or foreign currencies. Experts stated that the initiative was aimed to enhance financial security, crisis management, and support digital asset policies.

Following the announcement, the prices of the included cryptocurrencies surged, with Bitcoin (BTC) jumping by over 10.48% to $94,144, Ethereum (ETH) by 12.68% to $2,472.67, and XRP by 38.21% to $2.96. The creation of the Crypto Strategic Reserve is expected to have far-reaching implications for the US crypto industry, with some analysts suggesting that it could be established via the US Treasury’s Exchange Stabilisation Fund.

Trump’s pro-crypto stance has been evident since his election victory in November 2024, which led to a major surge in Bitcoin prices. The upcoming White House Crypto Summit, scheduled for Friday, is expected to further cement the administration’s commitment to the digital asset space. Trump’s family has also launched its cryptocurrencies, underscoring the administration’s enthusiasm for the industry.