The US President, Donald Trump, has announced a significant step in the world of digital assets. In a post on his social media platform, Truth Social, Trump stated that he has signed an Executive Order on digital assets, which aims to create a strategic cryptocurrency reserve for the United States.
Trump emphasized that this initiative aims to strengthen the industry of digital assets, which, in his opinion, has been weakened over the years by “corrupt attacks from the Biden Administration”.
“The Executive Order on digital assets has tasked the President’s working group with promoting the strategic cryptocurrency reserves of the US, including XRP, SOL and ADA. I will ensure that the US becomes the crypto capital of the world” wrote Trump on Truth Social.
This move is a clear attempt by Trump to position the US as a leading nation in the field of cryptocurrencies and to stabilize the US cryptocurrency industry at a time when digital assets are increasingly taking center stage in the global financial markets. The focus on XRP, Solana and Cardano could also be a response to the growing influence of these blockchain projects in the crypto world.
Trump’s announcement has garnered significant attention in the financial world and among crypto enthusiasts. Some see this as a signal for the US to take the international competition in the field of digital assets seriously and to move against the restrictive stance of the previous Biden administration.
Additionally, Trump emphasized that he aims to make the US the “crypto capital of the world”.
On March 7, 2025, Trump will host the first crypto summit at the White House, where leading figures from the crypto industry, including CEOs, founders and investors, will gather to discuss regulatory guidelines, oversight of stablecoins and the potential role of Bitcoin in the US financial system. A central theme of the discussions will also be stablecoin regulations and the creation of a strategic Bitcoin reserve, in which several US states are interested.
The announced strategy could have far-reaching implications for cryptocurrency regulation in the US, particularly in relation to stablecoins and the promotion of blockchain innovation.