Trump Unveils US Strategic Crypto Reserve Plan, Sending Markets Soaring
US President Donald Trump shook the crypto world on Sunday night with a bold announcement: the establishment of a U.S. Strategic Crypto Reserve, initially featuring XRP, Cardano’s ADA, and Solana’s SOL, with Bitcoin (BTC) and Ether (ETH) later added to the list.
The idea of a national crypto reserve has been circulating since Trump’s 2024 presidential campaign, and shortly after taking office in January, he signed an executive order directing a working group to explore its feasibility. While the order stopped short of mandating the reserve’s creation, it did instruct officials to assess the potential benefits of maintaining a national stockpile of digital assets.
Now, Trump is taking things a step further. On Sunday, he urged the working group to move forward with formally establishing the reserve. To kickstart the initiative, the administration will host the first-ever White House Crypto Summit on March 7, bringing together key government officials and crypto industry leaders.
Crypto Markets React Swiftly
The announcement sent shockwaves through the market. XRP and ADA surged by as much as 60%, while Bitcoin rebounded past the $93,000 mark, recovering some of last week’s losses. However, traders are approaching the rally with caution, as the full details of the reserve’s structure remain unclear.
While price movements dominate headlines, the broader strategic and regulatory implications of Trump’s plan are sparking debate among crypto leaders.
Industry Leaders Weigh In
Hunter Horsley, CEO of Bitwise
“I imagined a strategic reserve would consist solely of Bitcoin. That makes the most sense to me.
Many crypto assets have value, but this isn’t about an investment portfolio—it’s about a reserve. And Bitcoin is the undisputed store of value for the digital age.
That said, I appreciate the administration’s constructive approach to the space, and I look forward to learning more about their thinking.”
Brad Garlinghouse, CEO of Ripple Labs
“I’ve said it before—the crypto industry can achieve its goals (and more) if we work together. I appreciate @realDonaldTrump’s vision of a government-backed digital asset reserve that reflects the diversity of the industry.
Maximalism has held us back for too long. It’s encouraging to see the President acknowledge the multi-chain reality of crypto and move beyond the regulatory missteps of the Biden-era SEC. I’ll be in Washington later this week to continue championing this effort.”
Brian Armstrong, CEO of Coinbase
“I’m eager to learn more about the specifics. My initial thoughts on asset allocation:
- A Bitcoin-only reserve would be the simplest and most logical choice—it tells a clear story as the successor to gold.
- If diversification is the goal, a market-cap-weighted index of top crypto assets would ensure fairness and neutrality.
That said, option #1 seems like the easiest path forward.”
Peter Schiff, Renowned Gold Bull and Bitcoin Critic
“I understand the logic behind a Bitcoin reserve—even if I don’t agree with it. After all, we already have a gold reserve, and Bitcoin is often compared to digital gold.
But an XRP reserve? What’s the rationale for that? Why would we ever need it?”
Arthur Hayes, Founder of BitMEX & Maelstrom
“This is just talk for now. Call me when they get congressional approval to borrow funds or revalue the price of gold. Without that, there’s no money to buy Bitcoin or, as some would say, ‘shitcoins.’”
Tracy Jin, COO of MEXC
“This move is a recognition of crypto’s economic significance and its role in national strategy. It legitimizes digital assets, stabilizes volatility, and accelerates mainstream adoption.
Historically, strategic reserves have fueled demand for assets like gold and crude oil. In 2024, institutional and central bank interest drove a 26% rise in gold prices—a similar effect could unfold for cryptocurrencies with strong technological and real-world utility.”
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