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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
03/03/2025

Trump Pledges to Make America the "Crypto Capital of the World"

Former U.S. President Donald Trump continues to signal strong support for crypto, vowing to position the United States as the global hub of the industry. On March 2, 2024, Trump posted on Truth Social announcing he would include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in a national digital asset reserve. "After years of being attacked by the Biden administration, a U.S. crypto reserve will help propel this vital industry forward. That's why

Trump Pledges to Make America the "Crypto Capital of the World"

Former U.S. President Donald Trump continues to signal strong support for crypto, vowing to position the United States as the global hub of the industry. On March 2, 2024, Trump posted on Truth Social announcing he would include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in a national digital asset reserve.

"After years of being attacked by the Biden administration, a U.S. crypto reserve will help propel this vital industry forward. That's why I directed my Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are Making America Great Again!" – Trump declared.

Two hours later, he followed up by emphasizing that Bitcoin and Ethereum would be the cornerstone of the reserve strategy, while also expressing his personal preference for these two leading cryptocurrencies.

White House Crypto Summit

Trump also announced plans to host the first-ever White House crypto summit on March 7, 2025, bringing together key industry figures including CEOs, founders, investors, and members of the Presidential Working Group on Digital Assets. The summit will cover regulatory policy, stablecoins, and the potential for a national Bitcoin reserve.

David Sacks, the White House AI and Crypto Czar, shared on Twitter:
"President Trump just announced a strategic crypto reserve, consistent with Executive Order 14178 that he signed in his first week in office. Trump is delivering on his promise to make America the crypto capital of the world."

Crypto Markets Surge Following Trump's Announcement

Prices across the crypto market spiked immediately after Trump's post:

  • ADA: +94%, from $0.58 to $1.13
  • XRP: +48%, from $1.98 to $2.93
  • SOL: +41%, from $126 to $178
  • BTC: +19%, from $79,000 to $94,000
  • ETH: +20.6%, from $2,103 to $2,538

Trump had pledged on the campaign trail that if re-elected, he would establish a national Bitcoin reserve and protect the right to own digital assets. This latest move further cements his stance on integrating crypto as a core pillar of the U.S. economy.

Trump — The Force Shaking Up the Crypto Industry

Since early 2024, Trump has made a string of notable moves in the crypto space:

  • May 2024: Began accepting campaign donations in BTC, ETH, and DOGE, becoming the first major U.S. presidential candidate to do so.
  • July 2024: Pledged to retain all government-held Bitcoin if elected.
  • September 2024: Launched the decentralized finance project World Liberty Financial alongside his son Donald Trump Jr., and used Bitcoin for a public payment in New York.
  • January 2025: Issued an executive order directing the creation of a digital asset stockpile and banning the issuance of a CBDC (central bank digital currency).

Despite drawing mixed reactions, there's no denying that Trump's crypto policies have had — and continue to have — a significant impact on the industry. With this new plan, the U.S. may be entering a new era of crypto adoption at a national scale.

📌 Will America actually become the "crypto capital of the world" under Trump? Stay tuned for what comes next!