Trump’s Executive Order on Digital Assets establishes a Crypto Strategic Reserve, aiming to make the U.S. the global leader in cryptocurrency
President Donald J. Trump has announced the formation of a U.S. Crypto Reserve, a strategic initiative aimed at elevating the cryptocurrency industry and countering what he describes as “years of corrupt attacks by the Biden Administration.” The announcement, made via his official social media account, signals a major policy shift in the nation’s approach to digital assets.
Trump’s Executive Order on Digital Assets, EO 14178, directs the Presidential Working Group on Digital Assets to move forward on establishing the Crypto Strategic Reserve. The reserve will include leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Trump emphasized his commitment to ensuring that America takes the lead in the digital financial sector, declaring, “We are MAKING AMERICA GREAT AGAIN!”
The markets reacted swiftly to the announcement, with crypto stocks experiencing a significant spike on Monday. Industry leaders and investors are now looking ahead to the upcoming Crypto Summit, scheduled for Friday, where details of the initiative will be further discussed. The summit will be chaired by the White House and Crypto Czar David Sacks, who recently confirmed that he divested from his cryptocurrency holdings prior to accepting the role.
Sacks, a vocal advocate for digital assets, reiterated the administration’s commitment to fostering a pro-crypto regulatory environment, stating, “President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one Executive Order. President Trump is keeping his promise to make the U.S. the ‘Crypto Capital of the World.’ More to come at the Summit.”
This important initiative marks a stark contrast to the restrictive stance taken by the Biden Administration, which many in the industry have accused of stifling innovation and imposing unnecessary regulatory hurdles. With the formation of the U.S. Crypto Reserve, the Trump administration is positioning itself as a champion of blockchain technology, aiming to attract investment, create jobs, and solidify America’s role as a global leader in digital finance.
As anticipation builds for Friday’s summit, all eyes are on the policy details that will shape the future of cryptocurrency regulation and investment in the United States. Stay tuned for further updates from Thrive News as this major development unfolds.
