🗓️ Published On: March 3, 2025 ✍️ Author: Global World Citizen 📍 Source: GlobalWorldCitizen.com
President Trump Unveils Plan for U.S. Crypto Reserve, Sending Bitcoin and Altcoins Soaring 
Bitcoin and major cryptocurrencies like Ripple’s XRP, Solana, and Cardano have skyrocketed after U.S. President Donald Trump announced his administration’s plan to establish a U.S. crypto reserve—a move that could redefine the global digital economy.
Bitcoin surged toward $90,000 per BTC following Trump’s announcement, despite not being directly named in the reserve plan. Meanwhile, XRP, Solana (SOL), and Cardano (ADA)—all regarded as U.S.-made cryptocurrencies—saw massive gains between 20% and 50%.
“A U.S. crypto reserve will strengthen this critical industry after years of corrupt attacks by the Biden administration. My executive order on digital assets directs the presidential working group to advance a strategic crypto reserve that includes XRP, SOL, and ADA,” Trump declared on his Truth Social platform.
He later reassured Bitcoin and Ethereum investors:
“Obviously, Bitcoin and Ethereum—two of the most valuable cryptocurrencies—will be key pillars of the reserve. I love Bitcoin and Ethereum.”
White House Crypto Summit Set for Friday
All eyes are now on Washington, D.C., where the White House will host a major Crypto Summit this Friday.
Geoff Kendrick, head of crypto research at Standard Chartered Bank, said:
“The timing of Trump’s announcement means that expectations for Friday’s summit will be massive. Markets are looking for concrete details.”
Key Questions on the U.S. Crypto Reserve Plan:
Will the reserve be managed by the Federal Reserve or a new government agency? How much crypto will be held in the reserve? Will the U.S. seize assets or purchase crypto to build up reserves?
White House AI & Crypto Czar David Sacks fired back at critics like Palantir’s Joe Lonsdale, who dismissed the plan as a “crypto bro scheme.”
“Nobody announced a tax or a spending program. Maybe you should wait to find out what’s actually being proposed,” Sacks stated, sparking speculation that the U.S. may use seized assets to fund the reserve rather than purchasing more crypto outright.
Sacks added: “More to come at the summit.”
Trump’s Crypto Influence Sends Markets Booming
Since President Trump’s re-election, Bitcoin and the broader crypto market have surged in response to his pro-crypto policies.
Federico Brokate, U.S. head of crypto ETF issuer 21Shares, stated:
“The launch of a U.S. crypto reserve is a pivotal moment in digital assets history. It marks a major step in government engagement with the crypto industry.”
The Global Race for Crypto Supremacy
With China, Russia, and Europe accelerating their digital asset strategies, the U.S. is moving aggressively to establish dominance in cryptocurrency and blockchain technology.
President Trump has previously hinted at creating a Bitcoin strategic reserve, ensuring America remains ahead of rival nations.
“We’re gonna do something great with crypto because we don’t want China, or anybody else, leading in this space,” Trump stated in an earlier CNBC interview.
In July 2024, Trump predicted Bitcoin could surpass gold’s $20 trillion market cap, signaling a monumental shift in the global financial landscape.
What’s Next? The White House Crypto Summit Will Reveal More
Date: Friday, March 7, 2025
Location: The White House, Washington, D.C.
Attendees: Top crypto CEOs, investors, and policymakers
Will Trump’s U.S. Crypto Reserve reshape global finance? Stay tuned as GlobalWorldCitizen.com delivers exclusive updates!
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