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HomeBusinessTrump carried forward 'Crypto Strategic Reserve', promised to elevate the industry

Trump carried forward ‘Crypto Strategic Reserve’, promised to elevate the industry


President Donald Trump On Sunday, he revealed his intention to move forward with a plan to establish an American Crypto Reserve.

Trump says he signed an executive order, which was created a reserve which includes several cryptocurrency. The step comes a few days before the White House to host the Crypto Summit on 7 March.

“An American Crypto Reserve Biden will elevate this important industry after years of corrupt attacks by the administration, which is why my executive order on digital assets directed the President’s Working Group to move forward on a crypto strategic reserve, including XRP, Sol and ADA,” Trump wrote.

“I will make sure that America is the Crypto capital of the world. We are making America great again!” He said.

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President Donald Trump signs a series of executive orders at the Oval Office at the White House. (Andrew Harnik / Getty Image / Getty Images)

The Crypto Summit will be held on Friday, which will mark the first White House phenomenon of its kind.

The White House said Trump is expected to comment during the summit.

The program will include “prominent founder, CEOs, and investors of the Crypto industry, as well as the members of the President’s Working Group on digital assets,” according to the White House.

Sama Altman, CEO of OpenIE with President Donald Trump, speaks during a news conference at the Roosevelt Room of White House on January 21, 2025, DC Trump announced to invest in Artificial Intelligence Infrastructure and T. (Andrew Harnik / Getty Image / Getty Images)

The summit will be led by Venture Capitalist and white House AI and Crypto Caesar will be administered by David Sachs and Working Group Executive Director, Bo Hines.

This comes after Trump signs an executive order in January for the establishment of the work group, including officers of various federal agencies to advise the White House on the policy around digital assets.

President Trump plans to create a Cryptocurrency Reserve. (Photo Illustration by Chesnote / Getty Image / Getty Image)

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During his 2024 campaign, Trump vowed to streamline the rules, support a stabechoin framework, and to install bitcoin stockpiles.



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