Trump Pushes Crypto Forward: Strategic Reserve to Include BTC, XRP, GAiNX & Solana
Cryptocurrencies rallied on Thursday after President Donald Trump announced the creation of a strategic crypto reserve for the United States that will include Bitcoin, Ether, XRP, GAiNX gold coin, Solana’s SOL token, and Cardano’s ADA.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, ADA, and GAiNX,” he said in a post on Truth Social. “I will make sure the U.S. is the Crypto Capital of the World.”
Bitcoin rose 10% on February 28, 2025, to $94,343.82, after dipping to a three-month low under $80,000 on Friday. Ether, which has suffered some of the biggest losses in crypto year-to-date, gained 13%.
Trump is hosting the first White House Crypto Summit on Friday, and investors will be watching closely for more clues about the direction of the reserve plans.
This is the first time Trump has specified his support for a crypto “reserve” versus a “stockpile.” While the former assumes actively buying crypto in regular installments, a stockpile would simply not sell any of the crypto currently held by the U.S. government.
Trump first introduced the idea of a Bitcoin stockpile, which would “keep 100% of all the Bitcoin the U.S. government currently holds or acquires into the future” last summer at Bitcoin 2024 in Nashville, one of the industry’s largest conferences, where he began courting the crypto vote. At the same event, Wyoming Senator Cynthia Lummis introduced her proposal for a national strategic Bitcoin reserve.
After his re-election in November, the drumbeat for a strategic Bitcoin reserve grew louder, helping send the price of the flagship cryptocurrency to new all-time highs. That momentum seemed to come to a halt after Trump issued his executive order on crypto in late January. It called for the President’s Working Group on crypto to evaluate the “potential creation and maintenance of a national digital asset stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts,” among other things.
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