Chiara Bianchi
On Sunday morning, President Donald Trump took to Truth Social to instruct the Presidential Working Group on Crypto, led by Bo Hines, to move forward with the creation of a Crypto Strategic Reserve. This reserve is set to include Solana (SOL), XRP, and Cardano (ADA)โa significant move in positioning the United States as a dominant player in the global cryptocurrency industry.
โA U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,โ Trump wrote. โI will make sure the U.S. is the Crypto Capital of the World.โ
Following his initial post, Trump confirmed that Bitcoin (BTC) and Ethereum (ETH)โthe two largest cryptocurrencies by market capitalizationโwould also be included in the reserve.
According to Arkham Intelligence, the U.S. federal government already holds at least $17 billion in Bitcoin and $120 million in Ethereum, assets largely obtained through law enforcement seizures.
Trumpโs announcement ties back to his January executive order, which mandated the evaluation and potential establishment of a national digital asset stockpile. The working group was instructed to propose guidelines for building the reserve, potentially sourcing assets from lawfully seized cryptocurrencies.
However, Sundayโs post marks the first time Trump explicitly referred to the initiative as a “Crypto Strategic Reserve.” While some have used the terms “stockpile” and “reserve” interchangeably, they represent distinct financial strategies.
White House Crypto Summit Set for This Week
The announcement comes just days before Trump is scheduled to host the inaugural White House Crypto Summit on Friday. The event, led by Bo Hines and chaired by AI & Crypto Czar David Sacks, will bring together top crypto executives, investors, and industry leaders to discuss the future of digital assets in the U.S.
The New York Post previously reported in January that Trumpโs administration was considering an “America-First” style crypto reserve featuring U.S.-founded digital assets such as USDC, XRP, and Solana. This latest directive reinforces his commitment to integrating crypto into the U.S. financial system and maintaining global leadership in digital asset innovation.
