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Reading: Trump Unveils US Crypto Strategic Reserve with Top Digital Assets
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Trump US Crypto Strategic Reserve
PhotoNews Pakistan > Business > Trump Unveils US Crypto Strategic Reserve with Top Digital Assets
BusinessTech

Trump Unveils US Crypto Strategic Reserve with Top Digital Assets

Web Desk
By Web Desk Published March 3, 2025 3 Min Read
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U.S president Donald Trump. Photo Credits: Vox
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US President Donald Trump announced five digital assets Bitcoin (BTC), Ether (ETH), XRP, SOL, and ADA for a groundbreaking US Crypto Strategic Reserve.

The reveal, shared via social media, sparked immediate market surges, with asset values jumping between 8% and 62% in Sunday trading. Trump’s vision? To position the United States as the “Crypto Capital of the World.”

Trump’s January executive order set the stage for this initiative, directing the Presidential Working Group to establish the reserve. His first post highlighted XRP, SOL, and ADA as key components. Over an hour later, he added, “Obviously, BTC and ETH, as other valuable cryptocurrencies, will be at the heart of the Reserve.” The market leader Bitcoin climbed 8% to $90,828, while Ether rose 8.3% to $2,409.

This marks the first time Trump has publicly named the assets, igniting excitement in the crypto community. The announcement aligns with his pro-crypto stance, a cornerstone of his 2024 election campaign that won him strong industry backing.

From Crackdown to Crypto Boom

Under former President Joe Biden, regulators targeted the crypto sector to curb fraud and money laundering. Trump has flipped the script, prioritizing policies that favor digital assets. However, recent weeks saw sharp declines, with many currencies losing gains made after his election victory. Analysts suggest the market craves catalysts like Federal Reserve rate cuts or a clear regulatory framework to reignite momentum. Trump’s upcoming White House Crypto Summit on Friday could provide just that.

Read: Bitcoin Surges Past $105,000 on U.S. Strategic Reserve Fund News

How Will the Reserve Work?

Details on the US Crypto Strategic Reserve remain sparse, and experts are split on its setup. Some argue that the Treasury could use the Exchange Stabilization Fund to build the stockpile for foreign currency transactions. Others believe it may require Congressional approval. One possibility? Using cryptocurrencies seized in law enforcement actions, a plan that Trump’s crypto group has explored.

Market Impact and Future Outlook

Sunday’s announcement delivered a jolt to the market. XRP, SOL, and ADA saw gains as high as 62%, reflecting investor enthusiasm. Yet, questions linger: How will the reserve influence long-term prices? Could it stabilize volatile markets? With Trump’s family launching their coins and his administration hosting the Crypto Summit, the US is signaling a bold crypto future.

Trump’s push for a US Crypto Strategic Reserve could redefine America’s role in the global digital economy. By stockpiling top assets like Bitcoin and Ether, the administration aims to cement its crypto leadership. As the industry watches closely, Friday’s summit may reveal more about this ambitious plan.

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