Trump named a list of cryptocurrencies that will be included in the US national reserve. RBC-Crypto examined how the American president's pro-cryptocurrency policy affects the digital asset market
The White House plans to present a US strategy for launching a national cryptocurrency reserve. The Bitcoin rate has reached a new high after Donald Trump won the presidential election and continues to react with noticeable jumps to each of his public statements.
On Sunday, March 2, Trump said his cryptocurrency task force should move forward with the creation of a “strategic reserve of digital assets” that would include Bitcoin (BTC), Ethereum (ETH) Solana (SOL), Ripple’s XRP, and Cardano (ADA).
All of the listed assets reacted with a sharp rise, but just a day later, prices returned to their previous values. After relatively low volatility in the crypto market in January and February, the market became more sensitive in early March as Trump’s announcement on the final form of the reserve approached.
“The U.S. Cryptocurrency Reserve will strengthen this critical sector after years of corruption by the Biden Administration,” Trump wrote on his social media account Truth Social, adding that he intends to make the country “the crypto capital of the world.” Eric Trump, Donald Trump’s son, called the weekend crypto reserve announcement “brilliant.”
“Amazing the genius of the idea to announce a strategic reserve on Sunday when traditional markets are closed and Wall Street is asleep. For the first time, retail investors are winning. Traditional finance needs to catch up or it will quickly die out. The world no longer operates on a Monday-Friday, 9-5 schedule,” he wrote in X that same day.
Trading on crypto exchanges, unlike traditional ones, is done around the clock. On February 25, when the Bitcoin rate dropped significantly, Eric Trump wrote in X: “Buy the dips!” (“₿uy the dips!!!”), replacing the letter “B” in the word Buy with the Bitcoin symbol.
The week before the high-level reserve discussion turned out to be extremely volatile for Bitcoin. After the price jumped at Trump's announcement, the next day Bitcoin fell by $10,000. Then, at the start of the American trading session on March 4, Bitcoin began to grow and by the opening of the American market on March 5, it had already gained more than 10%.
Crypto Summit at the White House
The Crypto Summit at the White House, where the issue of a crypto reserve will be raised, will take place on March 7 at 21:30 Moscow time. US Secretary of Commerce Howard Lutnick confirmed that Trump will present a strategy for creating a crypto reserve at the event, and David Sachs, appointed by Trump as the “czar” for artificial intelligence and cryptocurrencies, had previously stated the same.
The summit will be chaired by Sachs and Bo Hines, director of Trump’s Digital Asset Task Force. The announcement states that Trump will address “prominent founders, executives, and investors from the crypto industry.” Participants will likely also discuss crypto market regulation and oversight of stablecoins.
A number of major crypto industry players have confirmed their participation in the event. Among them are Coinbase CEO Brian Armstrong (2nd on Forbes' list of crypto billionaires), Kraken co-CEO Arjun Sethi, Chainlink co-founder Sergey Nazarov, Exodus crypto wallet developer JP Richardson, Paradigm venture capital firm co-founder Matt Huang, and Strategy (formerly MicroStrategy) founder Michael Saylor. The latter's company is the world's largest corporate holder of bitcoin.
Some of the companies involved were sponsors of Trump's election campaign and subsequent inauguration. Trump held personal meetings with all the leaders of the teams behind the cryptocurrencies selected for the reserve in one form or another.
What will be included in the reserve?
In January, Trump signed an executive order to regulate the crypto market and consider creating a cryptocurrency reserve. The order on “Strengthening American Leadership in Digital Financial Technology” was published on the White House website.
The document initiated the creation of a working group led by “crypto czar” Sachs to develop a “federal regulatory framework for digital assets, including stablecoins,” as well as assess the possibility of creating a “national reserve of digital assets.”
Trump has previously stated that he intends to create a “strategic reserve” of the bitcoins the U.S. already holds. In the summer of 2024, at the Bitcoin 2024 crypto conference in Nashville, Trump ended his speech by declaring that if he is elected president, the government will stop selling confiscated bitcoins, turning “this great wealth into a national treasure for the benefit of all Americans.”
The US government controls 198,109 BTC ($17.7 billion at the exchange rate on March 5, 2025), according to the Arkham platform. The funds were mostly confiscated at various times as part of investigations against hackers, fraudsters, and darknet drug marketplaces.
As Minister Latnik stated, Bitcoin will be considered separately from other cryptocurrencies in the crypto reserve model.
“The president certainly believes that there should be a strategic reserve of bitcoin,” Latnik told The Pavlovic Today. He said other cryptocurrencies would be “looked at differently — positively, but differently.”
Trump's statement about choosing other crypto assets he named has drawn criticism from many experts. Even Coinbase CEO Brian Armstrong, who is a beneficiary of Trump's pro-cryptocurrency policy, said that “probably the best option would only be Bitcoin.”
Experts also noted the risks of insider trading when adding assets other than bitcoin to the U.S. reserve. As Jeff Park, head of investment funds at wealth management firm Bitwise, noted, “When you include altcoins whose use is too new to be considered ‘nationally strategic,’ there is a risk of assuming that there is insider trading even if that is not the case.”
Individual initiatives
There are other initiatives and bills on the US cryptocurrency reserve, but Trump has never commented on any of them. Perhaps the most talked about is the bill of Senator Cynthia Lummis, who was appointed to the post of head of the subcommittee on digital assets in the US Senate under Trump and spoke on the same stage with him at a crypto conference in the summer of 2024.
She said that “if the United States is to maintain its leadership in financial innovation,” Congress “needs to urgently pass legislation that establishes a comprehensive legal framework for digital assets and strengthens the U.S. dollar through a Bitcoin strategic reserve.”
Her bill for a national US bitcoin reserve is called the Bitcoin Act. Under its terms, the US Federal Reserve would have to buy bitcoin and hold it as a reserve asset, like gold or foreign currencies. The government would buy up to 200,000 bitcoins a year for five years, with the goal of accumulating 1 million bitcoins. According to Lummis, this could, among other things, help cut the US national debt in half by 2045.
The status of her bill remains up in the air; Trump has never commented on it or referred to it. Lummis recently said it would likely need to be tested at the state level first.
Источник: cryptocurrency.tech
