Donald Trump, who served as the previous U.S. president, endorsed the establishment of a national cryptocurrency reserve, which represents a significant transformation in federal crypto policy. Through his Truth Social post, he stated that the United States should become a leader in digital assets while reversing the Biden administration’s regulatory approach.
Trump first proposed that XRP, Solana (SOL), and Cardano (ADA) should join the reserve before declaring Bitcoin (BTC) and Ethereum (ETH) as the essential components of the stockpile. The January executive order established a Presidential Working Group to research the possibility of creating a national digital asset reserve, which would obtain assets through legitimate government seizures.
The market experienced a surge after his post as XRP, SOL, and ADA increased by more than 20%. His subsequent post reaffirmed his BTC and ETH support, which detailed his mission to transform the United States into the global crypto center.
The crypto policies under Biden established strict regulations, whereas Trump showed complete opposition to these regulations. During the Trump administration, the SEC changed its stance toward Coinbase and memecoins by dropping its lawsuit and declaring memecoins are not securities. The U.S. sees his crypto-friendly stance as an initiative to draw digital asset investors and businesses toward American territory.
Trump issued an executive order to establish a U.S. sovereign wealth fund that he proposed to use for buying assets, including TikTok. This initiative supports his economic plan to enhance U.S. financial superiority.
Through his support for a federally controlled crypto reserve and regulatory relief, Trump aims to establish America as a leader within the worldwide digital asset sector. Through his aggressive crypto integration efforts, Trump aims to transform both the financial industry and U.S. economic policies for the coming years.
