On March 3, 2025, President Donald Trump announced the establishment of a U.S. strategic cryptocurrency reserve, which will include Bitcoin, Ether, XRP, Solana, and Cardano.

This initiative seeks to position the United States as a frontrunner in the digital asset sector and signifies a major change in the government’s perspective on cryptocurrencies.

In the wake of the announcement, the cryptocurrency market saw significant growth.

Bitcoin's price surged by about 9%, reaching $93,000 and adding $166 billion to its market capitalization.

Ether's value rose by 13%, hitting $2,516.

XRP increased from $2.23 to $2.99, Solana's price climbed from $140 to $168, and Cardano's value soared from $0.68 to nearly $1. The overall cryptocurrency market grew by more than $300 billion.

This development signifies a considerable shift in the government's attitude towards digital assets, which could speed up institutional adoption and strengthen U.S. leadership in digital asset innovation.

A White House crypto summit, featuring important industry stakeholders, is set for March 7 to discuss future regulatory frameworks and the impact of cryptocurrencies on the U.S. financial system.