US President Donald Trump announced plans to establish a strategic crypto reserve, considering Bitcoin, Ether, Ripple, Cardano, and Solana. This initiative aims to position the US as the global hub for cryptocurrency, enhancing market credibility and adoption. Following Trump’s election victory, Bitcoin’s value surged over $100,000. Industry leaders view his pro-crypto stance as a catalyst for growth, with potential regulatory implications influencing global markets. Experts believe this move could attract institutional investment and solidify cryptocurrencies as a core asset class. Additionally, Trump’s SEC is taking a more crypto-friendly approach, dropping numerous legal cases against major firms.
US President Donald Trump, aiming to position the US as the global leader in cryptocurrency, made a notable announcement over the weekend. In a Truth Social post, the 78-year-old billionaire disclosed that five cryptocurrencies—Bitcoin, Ether, Ripple, Cardano, and Solana—are under consideration for a US strategic crypto reserve. This move is seen by industry leaders around the globe as a potential driver for improving market credibility, fostering growth, and accelerating adoption.
Last year, Donald Trump made pro-crypto policies central to his election campaign, and his anticipated return to the White House as the 47th US President sparked a market rally. Following his electoral win, Bitcoin surpassed the $100,000 (approximately Rs. 87.2 lakh) threshold for the first time, hitting $108,000 (about Rs. 94.3 lakh), which contributed to a broader profit surge in the crypto market by early 2025.
Expanding on his vision for a strategic crypto reserve, President Trump stressed that this initiative will play a vital role in bolstering this ‘critical industry’ after facing various legal hurdles.
“My Executive Order on Digital Assets directed the Presidential Working Group to advance on a Crypto Strategic Reserve. I will ensure that the US becomes the crypto capital of the world,” his Truth Social post stated.
As per CoinMarketCap, the cryptocurrencies proposed are among the top ten assets by market capitalization. Following President Trump’s announcement, all five cryptocurrencies saw significant price gains on Monday, March 3.
Industry Reacts
In a statement to Gadgets 360, Binance’s Chief Marketing Officer, Rachel Conlan, highlighted that the US possesses considerable long-term potential in the crypto sector—provided it adopts a balanced and sustainable strategy.
“This move could influence regulatory approaches globally. The immediate market response, which saw an addition of over $300 billion (about Rs. 26,21,167 crore) in value, reflects the strong demand for clear and progressive regulatory measures. This initiative has the potential to enhance liquidity, attract institutional capital, and establish crypto as a key asset class within traditional financial markets,” noted Conlan.
Raj Karkara, the Chief Operating Officer at ZebPay, pointed out that the US President has chosen carefully the crypto assets to be included in this reserve.
“Bitcoin, Ethereum, XRP, Solana, and Cardano are fundamentally sound assets. These networks have proven their resilience, providing security, scalability, and innovation that propel the digital economy forward. This reserve will lend credibility to crypto,” Karkara told Gadgets 360.
Experts now expect significant changes in the crypto sector following President Trump’s strong endorsement of digital assets.
“Here’s what I anticipate – other nations will join in the race to accumulate crypto, leading to regulatory actions and the sector attracting more talent,” Ashish Singhal, Co-founder of CoinSwitch, remarked in a LinkedIn post, predicting the future impacts of the US’ strategic crypto reserve.
Reflecting the views of many in the crypto industry, Delta Exchange CEO Pankaj Balani asserted that India should perceive the crypto sector as a strategic opportunity to become a global leader.
“India needs to embrace this sector to participate in its growth. This will not only help in creating more jobs and tax revenue for the government but also prevent wealthy Indians from seeking opportunities outside the country,” Balani remarked in a conversation with Gadgets 360.
At this point, no nation has established a national crypto reserve. While the UAE and the EU have put regulatory frameworks in place for the crypto industry, the UK is aiming to finalize its crypto legislation by 2026.
Meanwhile, India continues to lead in crypto adoption, ranking among the fastest-growing markets according to the Chainalysis index. Despite its recognition for strong engineering talent in the Web3 domain, the country has yet to create a comprehensive legal framework for crypto regulation.
Under President Trump, the US SEC has adopted a more crypto-friendly stance, forming a dedicated task force to accelerate regulatory developments. Recently, the agency has also dropped several cases against major crypto firms—including Coinbase, Binance, Robinhood, and OpenSea—that were initiated during the administration of former President Joe Biden.
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