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Trump Endorses 5 Cryptos For US National Reserve
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Trump Endorses 5 Cryptos For National Reserve – Bitcoin To Be ‘At The Heart’ Of It

Christian Encila
Christian Encila
3 months ago
3 mins read
Trump

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United States President Donald Trump has made yet another bold move in the crypto field. After earlier announcing plans to establish a strategic Bitcoin reserve, he now intends to include several additional digital assets.

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In a Truth Social post, Trump stated that the US should stockpile XRP (XRP), Solana (SOL), and Cardano (ADA). He also added Bitcoin (BTC) and Ethereum (ETH) to the list, saying these would be “at the heart of the reserve.”

His most recent position has caused market responses and conversations over the potential effects on the nation’s adoption of cryptocurrencies.

Trump’s Initial Bitcoin-Only Plan Changes

At the Bitcoin 2024 meeting in Nashville, Tennessee, Trump first talked about his idea of a national Bitcoin reserve. He only talked about Bitcoin at the time and called it an asset of strategic value.

His words were different from what he had said before, when he was critical of cryptocurrencies. Now, he has added more tokens to his vision, showing how important they are in the digital market.

Listed Coins Rally After Trump Announcement

Following Trump’s announcement, the cryptocurrency market experienced a price increase in the listed assets: SOL, ADA, and XRP were by up to 62%, while, Bitcoin and Ethereum also jumped by more than 10% apiece, Sunday.

President Trump Announces U.S. Crypto Reserve, Adding Bitcoin, Ethereum, Solana, XRP, and Cardano

President Donald Trump has announced the creation of a U.S. crypto strategic reserve, directing the President’s Working Group on Digital Assets to include XRP, Solana (SOL), and…

— BRICS News (@BRICSinfo) March 2, 2025

No Clear Plan For Implementation?

While the idea of a US crypto reserve is gaining attention, details on how it would be structured remain vague. The President’s Working Group on Digital Assets, which Trump directed to explore the plan, has not yet laid out any guidelines.

There are no specifics on whether the government would buy these assets directly, regulate them differently, or simply acknowledge them as key financial instruments.

BTCUSD trading at $92,261 on the daily chart: TradingView.com

The 1st White House Crypto Summit

On March 7, Trump will host the inaugural White House Crypto Summit with industry executives and the Digital Asset Working Group to discuss US crypto regulation. The conference will address running a national cryptocurrency reserve, monetary policy, and market manipulation protections.

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3 months ago

What Comes Next For Crypto Under Trump

With Trump at the helm, his administration’s stance on crypto could shape the industry’s future in the US. Unlike past administrations, which have often been doubtful or clearly hostile toward digital assets, his most recent comments suggest to a more open posture. This could lead to changes in policy impacting taxes, trade, and rules.

Although it’s unknown exactly when real action will follow Trump’s disclosure, right now the market is responding. Should his administration follow these ideas, the government’s attitude toward cryptocurrencies would drastically shift.

Featured image from Gemini Imagen, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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