Tue Mar 04 08:32:17 UTC 2025: ## Trump Announces US National Crypto Reserve, Sending Markets Soaring

**Washington D.C.** – In a surprise announcement on Sunday, President Donald Trump revealed plans to establish a national strategic cryptocurrency reserve, igniting a dramatic surge in crypto markets. The reserve will reportedly include Bitcoin, Ethereum, XRP, Cardano, and Solana, marking a significant shift in US policy towards digital currencies.

Trump, in a statement on Truth Social, declared his intention to make the US “the crypto capital of the world,” reversing his previous skepticism about cryptocurrencies. He criticized the Biden administration’s approach to the industry as “corrupt” and claimed the new reserve will “elevate this critical industry.”

The announcement followed weeks of market downturn and comes ahead of a White House Crypto Summit scheduled for Friday. The move represents a stark contrast to the Biden administration’s crackdown on the industry due to concerns about fraudulent activities.

The news sent shockwaves through the crypto market. Cardano saw a 60% jump, Solana increased by approximately 12%, and XRP surged by roughly 20%. Bitcoin and Ethereum also experienced double-digit percentage gains. While some gains have been pared back by Monday, the initial market reaction was overwhelmingly positive.

Trump’s embrace of crypto aligns with promises made during his election campaign to crypto lobbyists. His administration, aided by Elon Musk leading the government efficiency drive, appears committed to fostering a pro-crypto environment. The US government already holds a substantial amount of Bitcoin seized during criminal investigations, making it the largest holder globally.

The proposed reserve is reminiscent of the US Strategic Petroleum Reserve, providing a potential safety net and influencing global cryptocurrency regulation. While experts note the volatility of the crypto market, the move is seen as a significant step towards mainstream adoption and potentially reducing price volatility. The creation of the reserve is also expected to influence other nations, given the US’s economic dominance. A bill proposing a similar reserve, the Bitcoin Act, is currently under consideration in Congress. Currently, only three countries treat cryptocurrencies as legal tender.

This bold move by Trump signals a potential paradigm shift in the US government’s relationship with the cryptocurrency market. The long-term implications of this initiative remain to be seen, but the immediate impact has been a dramatic revitalization of the crypto sector.

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