By Ebi Kesiena
U.S. President Donald Trump announced on Monday that five major cryptocurrencies will be added to the country’s strategic reserves. The selected digital assets are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).
The announcement was made via Trump’s social media platform, Truth Social, where he reaffirmed his commitment to establishing the United States as the global leader in cryptocurrency adoption and innovation.
Trump referenced his previous campaign promise to strengthen the cryptocurrency industry within the U.S., stating, “I will make sure the U.S. is the Crypto Capital of the World.”
He further emphasised that if cryptocurrency is to define the financial future, it must be mined, minted, and made in the USA, ensuring that the country remains at the forefront of blockchain technology and decentralised finance.
Beyond the initial five digital assets, Trump indicated that additional valuable cryptocurrencies may be included in the reserve as part of a broader strategy to integrate crypto into the national financial system.
In line with this initiative, the White House is set to host its first cryptocurrency summit next Friday, bringing together industry leaders, policymakers, and financial experts to discuss regulatory frameworks, innovation, and the role of digital assets in the U.S. economy.
Crypto Markets Surge Following Trump’s Announcement
Meanwhile, the market reacted positively to the news, with all five selected cryptocurrencies experiencing significant gains in the hours following Trump’s statement.
Bitcoin (BTC) surged by 6.85% in the last 24 hours, whilst Ethereum (ETH) climbed 4.7%. Ripple (XRP) saw a 14% increase, Solana (SOL) gained 11.15%, and Cardano (ADA) led the rally with an astonishing 43.58% jump.
Analysts suggest that Trump’s endorsement of cryptocurrencies as part of the national strategic reserve could pave the way for increased adoption, regulatory clarity, and institutional investment in the digital asset space.
With this bold move, the United States takes a significant step towards shaping the future of cryptocurrency, reinforcing its influence in the rapidly evolving global financial landscape.
