The U.S. President Donald Trump has expressed his support for establishing a federal reserve of cryptocurrency assets. Initially, he highlighted XRP, Solana, and Cardano as key inclusions but later clarified that Bitcoin and Ethereum would “obviously” be part of it as well.
In January, Trump signed an executive order calling for the creation of a working group tasked with studying crypto policy and providing recommendations. This included evaluating “the potential creation and maintenance of a national digital asset stockpile.”
The group’s objective was to “propose criteria for establishing such a stockpile,” potentially sourced from cryptocurrencies lawfully seized by the federal government through law enforcement actions.
On Sunday morning, Trump reinforced his commitment to the initiative in a post on Truth Social, emphasizing his desire to see the reserve come to fruition.
“A U.S. Crypto Reserve will strengthen this critical industry after years of corrupt attacks by the Biden Administration,”
Trump wrote.
Also added, “That’s why my Executive Order on Digital Assets instructed the Presidential Working Group to move forward on a Crypto Strategic Reserve, including XRP, SOL, and ADA. I will ensure the U.S. becomes the Crypto Capital of the World.”
Following his statement, the prices of the mentioned cryptocurrencies surged by over 20%. In a follow-up post, Trump further clarified, “And, obviously, BTC and ETH, along with other valuable cryptocurrencies, will be at the core of the Reserve. I also love Bitcoin and Ethereum!”
Trump acknowledged that his executive order aimed to reverse the crypto regulatory framework implemented under President Joe Biden.
During Trump’s administration, the Securities and Exchange Commission (SEC) adopted a more lenient approach toward the industry, dropping its lawsuit against Coinbase and ruling that memecoins are not considered securities. Meanwhile, the value of Trump’s own $TRUMP coin has significantly declined since his inauguration.
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