Trump floats U.S. ‘Crypto Reserve’ Proposal, cites BTC, ETH, XRP, SOL, ADA

In a surprising turn of events, a tweet attributed to former U.S. President Donald J. Trump has emerged, suggesting the creation of a “U.S. Crypto Reserve” that would include several prominent assets such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).

According to the tweet, Trump’s executive order on digital assets would direct a new Presidential Working Group to move forward with this crypto-focused strategic reserve, positioning the U.S. as “the Crypto Capital of the World.”

Trump also singled out BTC and ETH as the “heart” of this proposed reserve, despite his previously critical stance on digital assets. His statement follows the growing conversation around whether states—and now the federal government—could hold crypto on their balance sheets.

Trump crypto reserve

Historically, Trump has been openly skeptical about Bitcoin and other digital assets. In 2019, he famously tweeted that he was “not a fan of Bitcoin and other cryptocurrencies.” However, this new suggestion of a U.S. Crypto Reserve marks a stark contrast from his earlier position.

Echoing states’ interest in Bitcoin reserves

Trump’s tweet dovetails with a broader trend: multiple U.S. states exploring the possibility of building BTC treasuries. Recent data covered by CryptoSlate indicates that if just 20 U.S. states adopted Bitcoin reserves, it could drive a $23 billion inflow into BTC, potentially bolstering state and municipal balance sheets.

While not all states have taken the plunge, increased crypto-friendly legislation is gradually cropping up across the country, pointing toward an appetite for digital assets as a hedge or growth strategy.

The potential impact of a U.S. Crypto Reserve

1. Strengthening U.S. financial clout

A federal crypto reserve could, in theory, position the U.S. at the forefront of digital asset policy and innovation. With countries like El Salvador adopting BTC as legal tender and several global financial centers exploring central bank digital currencies (CBDCs), a U.S. reserve might accelerate national efforts to remain a leader in fintech.

2. Influencing global regulatory discussions

If the U.S. government embraced a basket of crypto assets, that move could reshape ongoing global regulatory debates. The combination of BTC, ETH, XRP, SOL, and ADA indicates a broad approach, pulling in both proof-of-work and proof-of-stake networks as well as key layer-1 protocols used for various DeFi and NFT applications.

3. Boosting liquidity and mainstream adoption

A large-scale entrance of U.S. federal funds into top digital assets could significantly expand market liquidity. In turn, mainstream investors, businesses, and financial institutions might be incentivized to integrate crypto solutions into their operations.

Balancing enthusiasm with skepticism

Some observers remain doubtful about the feasibility of Trump’s proposal, noting that his current statements have yet to be backed by formal policy actions.

It remains unclear how a “Presidential Working Group” would form and function, especially considering ongoing debates in Congress around stablecoins, spot Bitcoin ETFs, and the role of federal agencies like the SEC and CFTC in regulating crypto markets.

Looking ahead

Trump’s nod to digital assets—especially the specific mention of BTC, ETH, XRP, SOL, and ADA—comes at a time when federal agencies and states are already grappling with the best regulatory path forward. Should momentum behind a U.S. Crypto Reserve continue, it could trigger a policy debate spanning both the executive branch and Congress. Meanwhile, many states that have been independently considering (or in some cases already holding) crypto reserves will likely watch these developments closely.

For now, details surrounding Trump’s suggested reserve remain speculative, but the proposal highlights how mainstream crypto discourse has become—and sets the stage for what could be a foundational shift in how the U.S. government views and manages digital assets.

Bitcoin Market Data

At the time of press 5:21 pm UTC on Mar. 2, 2025, Bitcoin is ranked #1 by market cap and the price is up 7.93% over the past 24 hours. Bitcoin has a market capitalization of $1.82 trillion with a 24-hour trading volume of $38.27 billion. Learn more about Bitcoin ›

Crypto Market Summary

At the time of press 5:21 pm UTC on Mar. 2, 2025, the total crypto market is valued at at $3.08 trillion with a 24-hour volume of $123.6 billion. Bitcoin dominance is currently at 59.31%. Learn more about the crypto market ›

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Source: https://cryptoslate.com/trump-floats-u-s-crypto-reserve-proposal-cites-btc-eth-xrp-sol-ada/