Trump has fulfilled his promise and continues to promote the United States as a cryptocurrency hub. Five cryptocurrencies, including BTC, ETH, and XRP, have been included in the national digital asset reserve. Trump’s move will have a profound impact on the cryptocurrency industry ecosystem, and the prices and development potential of these cryptocurrencies are highly anticipated.
Trump has kept his word and is continuing to drive the United States to become a cryptocurrency center. He stated that he is pushing for the inclusion of five cryptocurrencies – BTC, ETH, XRP, Solana, and ADA – into the US national digital asset reserve.
On the evening of March 2, 2024, Trump said on his social media platform Truth: “After years of corrupt attacks by the Biden administration, the US cryptocurrency reserve will boost this crucial industry. That’s why my executive order on digital assets directs the President’s Working Group to advance a strategic reserve of cryptocurrencies, including XRP, SOL, and ADA. I will ensure that the United States becomes the cryptocurrency capital of the world. We are making America great again!”
Two hours later, Trump added: “Of course, as other valuable cryptocurrencies, BTC and ETH will be at the core of the reserve. I also love Bitcoin and Ethereum!”
It is understood that this is another step taken by Trump after proposing the establishment of a national Bitcoin strategic reserve on July 27, 2024, and signing an executive order on January 23, 2025, directing the establishment of a cryptocurrency working group to explore the establishment of a national digital asset reserve.
David Sacks, a key figure in AI and cryptocurrency development in the White House, said on Twitter: “President Trump has announced a strategic reserve of cryptocurrencies consisting of Bitcoin and other top – tier cryptocurrencies. This is in line with his Executive Order 14178 in the first week. President Trump is fulfilling his promise to make the United States the ‘cryptocurrency capital of the world’. There is more to come at the summit.”
The summit mentioned above refers to the first cryptocurrency summit planned to be held by the White House on March 7, 2025. This summit will be chaired by President Donald Trump and aims to bring together leaders in the cryptocurrency industry, including well – known founders, CEOs, investors, and members of the President’s Digital Asset Working Group, to jointly discuss cryptocurrency – related regulatory policies, stablecoin frameworks, and potential Bitcoin strategic reserves.
Trump “Stirs” the Crypto Ecosystem
Trump and the current US government are deeply influencing the cryptocurrency industry ecosystem, which is reflected in multiple aspects such as cryptocurrency prices and industry development.
First of all, in terms of price, Trump’s short – term impact on the rise and fall of the cryptocurrency market is very obvious.
From February 21 to February 28, Bitcoin dropped from around 100,000 to 79,000. However, after the White House announced the first cryptocurrency summit on February 28 and Trump announced on social media on March 2 that he would ensure the US becomes the cryptocurrency capital of the world, cryptocurrencies such as Bitcoin soared.
In just three days, the five tokens mentioned by Trump all saw significant increases: Bitcoin returned to 94,000 from 79,000, with a 19% increase; Solana rose from 126 to 178, a 41% increase; XRP increased from 1.98 to 2.93, a 48% increase; ADA went from 0.58 to 1.13, a 94% increase; and Ethereum rose from 2,103 to 2,538, a 20.6% increase.
Among them, the top three tokens in terms of three – day increases are: ADA with 94.83%, XRP with 47.98%, and Solana with 41.27%. The relatively lower increases are for Bitcoin and Ethereum, at 18.98% and 20.68% respectively.
Beyond price, Trump will also continue to exert influence on the deeper – level long – term development of the cryptocurrency industry ecosystem.
For example, after the issuance of Trump’s Trump tokens, they siphoned funds from the entire cryptocurrency market, changing the existing rhythm of the cryptocurrency market. The once – booming AI Agent wave in the cryptocurrency industry was suddenly interrupted.
Some industry practitioners also said that Trump and the US government’s strong support for cryptocurrencies will enable more cryptocurrencies that are strongly related to the US ecosystem, and even those closely related to the Trump family, such as Solana, XRP, ADA, Base, and Sui, to develop further. It can be expected that more entrepreneurs, developers, and traders will choose to be associated with the US – related cryptocurrency ecosystem and cryptocurrencies.
Trump’s Continuous Actions to Ensure the US Becomes the World’s Cryptocurrency Capital
Trump’s actions regarding cryptocurrencies are continuous and frequent.
Previously, Trump made multiple arrangements for cryptocurrencies. Three days before his official inauguration on January 20, 2025 (January 17), Trump announced the issuance of Trump tokens on social media. The market value of these tokens reached 80 billion from zero within just a few days. And on the third day after taking office (January 23, 2025), Trump signed an executive order directing the establishment of a cryptocurrency working group responsible for formulating new regulations and exploring the establishment of a national digital asset reserve, while also prohibiting the creation of a central bank digital currency (CBDC). In addition, the Trump family business has officially entered the cryptocurrency field and launched official projects. On September 16, 2024, Trump, together with his son Donald Trump Jr. and others, announced the launch of the cryptocurrency project “World Liberty Financial” through a live broadcast on X. This is a decentralized finance platform planning to issue the token WLFI. The day after this event (September 18, 2024), Trump used Bitcoin to pay for a hamburger at the Bitcoin – themed bar PubKey in New York City, which was his first public transaction using Bitcoin.
Before that, Trump had promised during his campaign to establish a national Bitcoin strategic reserve. On July 27, 2024, Trump delivered a speech at the “Bitcoin 2024 Conference” in Nashville, promising that if elected, he would make the United States the “cryptocurrency capital of the world” and proposing the establishment of a national Bitcoin strategic reserve, retaining all Bitcoins held by the government.
Trump’s actions regarding cryptocurrencies are gradual and continuously advancing. In May 2024, Trump’s campaign team announced that it would accept donations in cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin, becoming the first major – party presidential candidate in the United States to accept cryptocurrency donations.
After the issuance of Trump tokens, the cryptocurrency market was drained of funds and then plunged. Industry practitioners questioned whether Trump would continue to support cryptocurrencies. However, last night Trump once again promised to establish a national Bitcoin strategic reserve and continue to promote more cryptocurrencies to become part of the national strategic reserve, demonstrating Trump’s determination to promote the development of cryptocurrencies.
From the first half of 2024 until now, Trump’s actions regarding cryptocurrencies have been continuous and frequent. From his series of actions, it can be seen that his goal of establishing a national cryptocurrency strategic reserve in the United States and making the US the cryptocurrency capital of the world is being steadily and continuously advanced.