President Trump says crypto reserve to include BTC, ETH, SOL, XRP, ADA
By Shikha Singh
The Biden-era crackdown on crypto is officially over. The SEC’s lawsuits, the endless regulatory stranglehold, the whispers of a digital dollar under centralized government control—all of it? Gone. Erased like a bad chapter in America’s financial history.
And in its place rose Donald J. Trump, the Crypto President , on Sunday, he launched a financial revolution, with a single post on Truth Social, he sent shockwaves through global markets, unveiling the U.S. Strategic Crypto Reserve—a stockpile of digital gold designed to cement America’s dominance in the decentralized economy.
Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies including Bitcoin, Ether, XRP, Solana and Cardano .
And let me tell you… most retail investors thought the bear market had already begun.
But minutes after announcing the Strategic Crypto Reserve, Bitcoin blasted past $94,000, Ethereum soared 13%, and the entire crypto market surged by a staggering $300 billion.
Wall Street traders scrambled to adjust their models, hedge funds loaded up on digital assets, and crypto billionaires popped champagne. But this was bigger than just another market rally. Trump wasn’t just backing crypto. He was integrating it into the very fabric of the American economy.
Now let’s have a look how the markets reacted to the news….
The total crypto market cap jumped 10% above $3 tn…
Bitcoin shot past $84,000 to trade at $93,000 minutes after trump’s announcement trading 9% up.
Ethereum the second largest cryptocurrency jumped from $2,189 to $2,500 up 10% …
XRP jumped from $2.2 to $2.8 up 21% quiet impressive
And the biggest gainer out of all was Cardano …the token skyrocketed 60% ….
But it won’t be smooth sailing. Trump’s Crypto Strategic Reserve faces regulatory battles on all fronts. Congress may challenge his authority, while the SEC and Federal Reserve could argue crypto is too volatile for national reserves. Treasury and FinCEN may raise security concerns over money laundering, and Wall Street banks could lobby against a government-backed crypto push. Globally, the IMF and other regulators may resist, fearing the U.S. is reshaping financial rules in a way that disrupts traditional systems. If Trump wants to make America the “Crypto Capital of the World,” he’ll have to fight for it.
Apart from this the President is set to host a cryptocurrency summit on March 7 which is this Friday.
According to the White House, Trump will personally deliver remarks at the event, which will bring together CEOs, investors, and key figures from the crypto industry. The summit will be led by venture capitalist and White House crypto czar David Sacks, with working group executive director Bo Hines overseeing the proceedings.
For years under Biden, the government waged war on crypto. The SEC cracked down on exchanges, lawsuits piled up, and investors feared the industry would be regulated into oblivion. But within weeks of returning to office, Trump flipped the script.
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