President Donald Trump has announced plans to create a U.S. Crypto Reserve, which will include major digital currencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (Ripple), and Cardano (ADA). His decision, which follows an executive order on digital assets, has caused a major surge in the crypto market, with many investors seeing it as a sign that regulation could be on the horizon.
During the Bitcoin 2024 conference in Nashville, Trump had spoken about the idea of building a Bitcoin reserve. However, after issuing an executive order on January 23, his approach changed. He directed the Presidential Working Group on Digital Assets to look into the possibility of a broader crypto stockpile, expanding beyond Bitcoin to include XRP, Solana, and Cardano, along with Ethereum.
Trump explained that his goal is to strengthen the crypto industry in the U.S. and push back against what he called "corrupt attacks” by the Biden administration “A U.S. Crypto Reserve will help this industry grow and ensure that America stays at the forefront of digital assets,” he said.
The announcement of Trump Crypto Reserve caused crypto prices to skyrocket as the global market cap increased by 8.73% to $3.08 trillion. The trading volume exploded by 154.30% to reach $189.38 billion during this period. Here’s how the major cryptocurrencies responded:
XRP Price: Up 24.14% to $2.79, with a 481.27% surge in trading volume.
Solana Price: Increased 18.19% to $170.09, with a 337.24% rise in volume.
Cardano Price: Soared 59.10% to $1.06, marking a 1434.83% volume increase.
Bitcoin Price: Rose 8.35% to $92,772.52, continuing its volatile trend.
Ethereum Price: Jumped 9.57% to $2,444.71, with trading volume up 135.11%.
While this short-term rally has excited investors, analysts suggest a sustainable market boost will depend on clearer regulatory frameworks and potential Federal Reserve interest rate cuts.
While the crypto community celebrates the news, some experts remain skeptical. Alex Xu, a research partner at Mint Ventures, noted that including XRP, SOL, and ADA could dilute the strength of a Bitcoin-focused strategic reserve, making federal approval more challenging.
Veteran economist Peter Schiff criticized XRP’s inclusion, questioning its necessity by asking, “Why the hell would we need that?” In contrast, Ripple CEO Brad Garlinghouse welcomed the decision, calling it a victory for crypto unity and confirming his attendance at the White House Crypto Summit on March 7.
Regulatory Road Ahead: Will This Lead to Full Crypto Acceptance?
The biggest question remains: How will the U.S. Crypto Reserve function? Analysts speculate it could involve assets seized by law enforcement or be backed by the U.S. Treasury’s Exchange Stabilization Fund. Legal experts are also discussing whether this initiative would need approval from Congress.
As Trump's administration continues to engage with industry leaders, the White House Crypto Summit on March 7 is expected to shed more light on regulatory policies and the future of digital assets in the U.S.
With Trump’s crypto policies diverging sharply from Biden’s restrictive stance, his pro-crypto push could be the beginning of a broader regulatory framework that legitimizes digital assets. Whether this leads to long-term stability or another market shake-up remains to be seen.
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