Trump Announces U.S. Strategic Crypto Reserve Including Bitcoin, Solana, and Cardano

The reserve aims to boost the cryptocurrency industry and position the U.S. as a global crypto leader, with major price surges following the announcement.

President Donald Trump revealed plans for a U.S. Crypto Strategic Reserve, naming Bitcoin, Ethereum, XRP, Solana, and Cardano as key assets.
The announcement follows an executive order signed in January directing the creation of a working group to evaluate a national digital asset stockpile.
Prices for XRP, Solana, and Cardano surged between 20% and 60% after the announcement, with Bitcoin and Ethereum also seeing significant gains.
The White House will host its first Crypto Summit on March 7, featuring industry leaders and government officials to discuss regulatory frameworks and innovation.
Trump's administration has taken a deregulatory stance on crypto, contrasting with the previous administration's stricter regulatory approach.