Mon Mar 03 06:39:14 UTC 2025: ## Trump Announces US “Crypto Strategic Reserve,” Sending Prices Soaring

**Washington D.C.** – President Donald Trump announced Sunday the creation of a “Crypto Strategic Reserve,” a move that immediately sent cryptocurrency prices skyrocketing. The reserve will reportedly include Bitcoin, Ethereum, XRP, Solana, and Cardano.

Trump made the announcement on his Truth Social platform, claiming the initiative will elevate the cryptocurrency industry after what he described as years of attacks by the previous administration. He declared his intention to make the US the “Crypto Capital of the World,” echoing his “Make America Great Again” slogan.

The announcement resulted in significant price increases across the named cryptocurrencies. Cardano saw the most dramatic jump, surging over 70 percent. XRP and Solana followed with gains exceeding 30 percent and 20 percent respectively, while Bitcoin and Ethereum, not initially mentioned but later included, both climbed over 10 percent.

While the details of how the reserve will function remain unclear, the news contrasts with some initial skepticism surrounding President Trump’s previous executive order on a digital assets “stockpile.” This earlier order had raised concerns that the government would merely hold existing assets rather than actively acquire cryptocurrencies.

This latest move marks a significant shift in Trump’s stance on cryptocurrency. Having previously labeled Bitcoin a “scam,” he embraced the industry during his re-election campaign and has since rolled back several regulatory actions implemented under the Biden administration. This includes the recent dismissal of SEC charges against Coinbase. The president, whose family has reportedly amassed significant wealth through cryptocurrency ventures, is scheduled to host the first White House Crypto Summit this Friday.

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