United States President Donald Trump has officially announced that the country’s strategic crypto reserve will include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA). The move marks a significant shift in Trump’s stance on digital assets, following his earlier pledge to maintain a national Bitcoin stockpile.
From Bitcoin-Only to a Broader Crypto Reserve
Trump’s latest announcement, made via Truth Social, builds on his executive order from January 23, which directed the President's Working Group on Digital Assets to establish a digital asset reserve. Initially, Bitcoin maximalists celebrated Trump’s commitment to keeping all U.S.-held Bitcoin. However, the president’s recent statement reveals a broader approach, incorporating multiple cryptocurrencies into the reserve.
Trump initially confirmed the inclusion of XRP, Solana, and Cardano, later adding Bitcoin and Ethereum as the “heart of the reserve.” This update has sent ripples through the crypto market, with Bitcoin surging past $94,000 and Ethereum rising over 13% to $2,516, contributing to a $300 billion market cap increase.
The inclusion of alternative digital assets has surprised many in the crypto space. James Butterfill, head of research at CoinShares, expressed skepticism, stating that while Bitcoin is widely accepted as a store of value, assets like Solana and Cardano resemble technology investments rather than traditional reserves. However, Federico Brokate of 21Shares sees this as a turning point for institutional adoption and regulatory clarity.
I get the rationale for a Bitcoin reserve. I don't agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too. But what's the rationale for an XRP reserve? Why the hell would we need that?
— Peter Schiff (@PeterSchiff) March 2, 2025
Ripple, the company behind XRP, has actively lobbied for crypto-friendly legislation, and its token’s inclusion in the reserve further solidifies its position in the U.S. financial ecosystem. Meanwhile, Trump’s decision to exclude stablecoins and outright ban central bank digital currency (CBDC) development underscores his administration’s focus on decentralized assets.
Huge political miscalculation by Trump in underestimating just how crucial it was for the Strategic Reserve to focus solely on Bitcoin.
— Jeff Park (@dgt10011) March 2, 2025
Sad!
Trump is set to host the first White House Crypto Summit on March 7, where industry leaders and government officials will discuss the future of crypto regulation in the U.S. This event is expected to shape the nation’s long-term approach to digital asset integration and regulatory frameworks.
While Bitcoin maximalists may be disappointed with the diversified reserve, the move signals a broader governmental acknowledgment of cryptocurrency’s role in the financial system. Whether this strategy strengthens U.S. leadership in digital asset innovation remains to be seen, but for now, the crypto market is responding positively to the news.
HODL Team
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.
