US President Trump announced on March 2, 2025 that he is considering including five cryptocurrencies in the US new cryptocurrency strategic reserve.
This news triggered a significant rise in the cryptocurrency market.
According to US media, during the 2024 US presidential election, Trump gained support from the cryptocurrency industry and quickly took action to support its development. In recent weeks, Trump and his wife Melania have been accused of attempting to profit from White House policies by launching their own exclusive cryptocurrency.
Here is a summary and discussion of various messages:
1. Cryptocurrencies included in reserves
Trump announced on his social media platform "Truth Social" that he plans to include the following five cryptocurrencies in his strategic reserves:
Bitcoin (BTC)
Ethereum (ETH)
Ripple Coin (XRP)
Solana Coin (SOL)
Aida Coin (ADA)
Trump emphasized that Bitcoin and Ethereum will be the core of this reserve.
2. Market response
After the announcement of the news, the prices of the named cryptocurrencies quickly rose:
Bitcoin has risen by over 11%, reaching a price of $94164;
Ethereum has risen by about 13%, reaching a price of $2516;
Ripple, Solana, and Adacoin saw increases of 34%, 22%, and 63%, respectively.
In addition, the total market value of the cryptocurrency market has risen by about 10% within a few hours, exceeding $300 billion.
3. Policy background
Trump signed an executive order on digital assets in January 2025, establishing a cryptocurrency working group responsible for studying the feasibility of establishing a national digital asset reserve and developing a regulatory framework for the cryptocurrency industry.
4. Objectives and Significance
Trump stated that this move aims to build the United States into the "capital of cryptocurrency in the world" and promote the institutionalized development of the cryptocurrency industry. Analysts believe that this measure may accelerate institutional adoption of cryptocurrencies, provide a clearer regulatory environment, and strengthen the United States' leadership position in digital asset innovation.
5. Follow up plan
Trump plans to host the first White House Cryptocurrency Summit on March 7, 2025, to further promote support for the cryptocurrency industry.
Trump's policy move marks a shift in the US government's attitude towards cryptocurrency from strict regulation to active support, which may have a profound impact on the global cryptocurrency market. What do you think?
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