US President Donald Trump has revealed the five digital assets he intends to include in a new US crypto strategic reserve, causing their market values to spike between 8% and 62% on March 2, 2025.
Trump initially announced on social media that his January executive order on digital assets would establish a stockpile of cryptocurrencies, including Bitcoin.
However, he had not previously specified which assets would be part of it.
CNN reported that the move is seen as a significant shift in US crypto policy, following stricter regulations under his predecessor, Joe Biden.
“The order directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the US is the Crypto Capital of the World,”
Trump stated.
Over an hour later, he added:
“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve.”
Bitcoin, the world’s largest cryptocurrency by market value, rose by around 8% to $90,828, while Ether climbed 8.3% to $2,409.
Despite the recent rally, cryptocurrency prices have fallen sharply in recent weeks, with some major digital assets losing nearly all the gains made following Trump’s election victory.
Analysts suggest the market requires clearer signals to sustain momentum, such as indications of US Federal Reserve interest rate cuts or a well-defined pro-crypto regulatory framework from the Trump administration.
The Republican president, who secured backing from the crypto industry during his 2024 election campaign, is set to host the first White House Crypto Summit on March 7.
His family has also launched its own digital tokens.
It remains unclear how the strategic reserve will be structured or function.
Experts are divided on whether an act of Congress is required, with some arguing it could be established through the US Treasury’s Exchange Stabilisation Fund, which allows the government to buy or sell foreign currencies.
Trump’s crypto team had also considered funding the reserve with cryptocurrencies seized in law enforcement actions.
Featured image credit: edited from freepik
