US President Donald Trump has announced the creation of a national strategic crypto reserve, which will include five cryptocurrencies. The move is seen as a significant shift in US policy towards cryptocurrency regulation and aims to make America “the crypto capital of the world.” The reserve’s creation comes before a White House Crypto Summit on Friday.
The US government will hold Bitcoin, Ethereum, XRP, Cardano, and Solana as part of the new national crypto stockpiles. Markets reacted favourably to the announcement, with Cardano jumping 60% and Solana increasing by 20%. The move is expected to position America ahead of other countries in terms of international crypto regulations.
The US government currently holds the largest cryptocurrency holding of any country – 200,000 Bitcoin. The creation of a national crypto reserve aims to reduce price volatility associated with digital currencies. A bill introduced in Congress earlier this year also pushed for the establishment of a crypto reserve.
Other countries have adopted cryptocurrencies as legal tender, including El Salvador, Central African Republic, and Bhutan. However, only three currently treat cryptocurrencies as legal tender, making the US move significant.
Source: https://www.aljazeera.com/news/2025/3/4/trump-announces-us-crypto-reserve-what-it-is-and-why-it-matters