United States President Donald Trump has revealed plans to establish a national cryptocurrency reserve to boost the digital asset industry.
In a statement shared via Truth Social on Sunday, Trump announced that a presidential working group had been tasked with advancing the creation of a strategic crypto reserve. This reserve will include major digital assets such as Bitcoin, Ethereum, Solana, and others.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” he stated.
“I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!
“And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum!”
Strengthening US Crypto Leadership
This announcement comes nearly two months after Trump introduced a meme coin called $Trump.
The former president has long expressed support for the cryptocurrency industry. During his presidential campaign last year, his campaign team announced in May that donations could be made using digital currencies, including Bitcoin, Ethereum, and Dogecoin.
In October, Trump further solidified his backing of the sector by promoting World Liberty Financial, a cryptocurrency venture spearheaded by his longtime business partners.
