On March 2, 2025, U.S. President Donald Trump signed an executive order on digital assets, officially directing his advisory team to swiftly establish a national crypto reserve fund. Initially, the fund included XRP (XRP), Solana (SOL), and Cardano (ADA). Later, President Trump confirmed that Bitcoin (BTC) and Ethereum (ETH) would also be added to the reserve, along with other cryptocurrencies under consideration.
National Crypto Reserve Fund: A Strategic Move by the Trump Administration
President Trump asserted that the establishment of a national crypto reserve fund would help revive the U.S. crypto industry, which had faced strict regulations under the previous administration. This move is seen as a significant step toward making the United States the global capital of cryptocurrency, while also strengthening the nation’s economic position in the era of digital finance.
Why Were Bitcoin and Ethereum Initially Left Out?
In his initial announcement, President Trump only mentioned XRP, SOL, and ADA, leaving out Bitcoin (BTC) and Ethereum (ETH)—the two largest cryptocurrencies by market capitalization, both of which had already received ETF approval in the U.S. This omission surprised investors and sparked widespread debate.
However, shortly afterward, President Trump confirmed that BTC and ETH would be included in the reserve, along with other cryptocurrencies. This aligns with his campaign promises, in which he repeatedly emphasized his intention to establish a strategic Bitcoin reserve to bolster the U.S. economy.
White House to Host Historic Crypto Summit
The announcement of the national crypto reserve fund came just one day after the White House revealed plans to host the first-ever crypto summit. The event is expected to feature:
- David Sacks, Trump administration’s Crypto & AI Policy Advisor
- Top executives from major U.S. cryptocurrency firms
- President Donald Trump, who is set to deliver the keynote speech
This summit is expected to clarify the Trump administration’s regulatory stance on crypto and lay out strategic directions for developing the digital asset market in the U.S.
Trump’s Commitment to Making the U.S. the “Crypto Capital of the World”
Since his campaign, Donald Trump has positioned himself as the “crypto president” and pledged to make the U.S. the global leader in blockchain technology. Since taking office, he has swiftly implemented a series of key policies, including:
- Signing an executive order to establish a crypto policy research task force
- Considering the creation of a strategic Bitcoin reserve
- Directing the SEC to drop lawsuits against crypto firms
- Supporting a more open approach to crypto ETFs
Crypto Market Reacts Strongly
Following President Trump’s announcement of the reserve fund’s cryptocurrency list, the market responded positively. The prices of XRP, SOL and ADA surged, while BTC and ETH also saw notable recoveries. This reflects the high expectations of investors regarding the Trump administration’s crypto-friendly policies.
After President Trump confirmed their inclusion in the national crypto reserve fund, the prices of XRP, ADA and SOL saw a significant increase.
XRP Price Fluctuations in the Last 24 Hours, Screenshot from CoinGecko at 11:25 PM on March 2, 2025
ADA Price Fluctuations in the Last 24 Hours, Screenshot from CoinGecko at 11:25 PM on March 2, 2025
SOL Price Fluctuations in the Last 24 Hours, Screenshot from CoinGecko at 11:25 PM on March 2, 2025
Meanwhile, Bitcoin rebounded sharply to $89,000 after last week’s steep decline caused by President Trump’s trade war actions.
Bitcoin Price Fluctuations in the Last 24 Hours, Screenshot from CoinGecko at 11:25 PM on March 2, 2025
The establishment of the national crypto reserve fund marks a significant turning point in the United States’ cryptocurrency policy. This move not only aids in the recovery of the crypto industry but also reflects President Trump’s long-term vision for the digital economy. Will the U.S. truly become the global crypto hub under Trump’s leadership? Stay tuned to MevXBot for the latest updates from the White House and the global crypto market!