On Sunday, President Donald Trump announced his plan to establish a U.S. Crypto Reserve. The president aims to make the United States the global leader in digital assets.
The announcement comes on the heels of Trump’s January executive order on digital assets and just days before the White House hosts its first-ever crypto summit on March 7.
Trump stated on his Truth Social platform that the new crypto reserve would feature a variety of major cryptocurrencies—including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” the President wrote, adding, “I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”
Following Trump’s announcement, the Bitcoin price spiked to as high as $95,136 on Sunday before slightly easing back on Monday.
Ethereum, XRP, Solana, and Cardano also jumped sharply, though prices settled somewhat below the weekend peaks.
The meme-inspired $TRUMP coin rallied above 17 before retreating to around 15 on Monday, with Trump-owned entities controlling a significant share of the token.
The White House will host a groundbreaking crypto summit on Friday, led by venture capitalist and White House AI and crypto czar David Sacks, along with Bo Hines, executive director of the Presidential Working Group on Digital Assets.
This marks the first time a sitting president has convened such an event to directly address the future of cryptocurrency.
Prominent crypto founders, CEOs, investors, and federal policymakers are slated to attend, with President Trump expected to deliver remarks highlighting the country’s new crypto strategy.
During his 2024 campaign, Trump promised to streamline regulations, support a stablecoin framework, and develop a national Bitcoin stockpile.
The establishment of the Presidential Working Group on Digital Assets in January further cemented these goals by bringing together officials from multiple federal agencies to advise on digital asset policy. Now, with the imminent creation of the U.S. Crypto Reserve, those promises appear set to accelerate.
Crypto-related stocks also saw significant gains.
Shares of Strategy (formerly MicroStrategy) soared 12%, while Coinbase (COIN) and Robinhood (HOOD) posted respective gains of 10% and 7% in early Monday trading.
Industry observers attribute these jumps to Trump’s clear support for a thriving digital asset market, an enthusiasm shared by many Trump supporters.
As the crypto summit approaches, many in the industry and across the nation are eager to learn more details about the U.S. Crypto Reserve.
President Trump, for his part, remains unwavering in his message: “We are MAKING AMERICA GREAT AGAIN by making the U.S. the Crypto Capital of the World.”