Trump Names Cryptocurrencies in U.S. Strategic Reserve, Boosting Market Confidence
The cryptocurrency market surged following an announcement from U.S. President Donald Trump regarding the creation of a strategic crypto reserve. The reserve will include bitcoin (BTC), ether (ETH), XRP, solana (SOL), and cardano (ADA), marking a significant shift in government policy toward digital assets.
Market Reaction
Following the announcement, crypto prices spiked, with bitcoin rising over 10% to surpass $94,000, while ether gained 13%. Other assets included in the reserve, such as XRP, solana, and cardano, also saw double-digit increases. The total cryptocurrency market value surged by more than $300 billion within hours.
Government Shift Toward Crypto
The decision signals a more supportive stance from the U.S. government toward the digital asset industry. Under previous administrations, regulatory scrutiny and enforcement actions created uncertainty. However, Trump’s administration has reversed course, withdrawing investigations and dismissing lawsuits against major crypto firms.
Institutional and Regulatory Outlook
With the U.S. government formally recognizing a set of digital assets, analysts expect greater institutional interest and potential regulatory clarity. Some believe the reserve could be funded using seized crypto assets or through the U.S. Treasury’s Exchange Stabilization Fund. Others argue that congressional approval may be required for full implementation.
Looking Ahead
The first White House Crypto Summit is set to take place on Friday, where industry leaders and policymakers will discuss the future of digital assets in the U.S. Investors and analysts are watching closely for further details on how the strategic reserve will be managed and its potential impact on global financial markets.
Trump’s latest move reinforces the growing influence of cryptocurrency in mainstream finance and government policy. Whether this initiative leads to greater adoption or political debate, it is clear that crypto is becoming an integral part of economic strategy.