US President Donald J. Trump Named the Five Cryptocurrencies That Will Be in the US Crypto Strategic Reserve

On March 2, 2025, US President Donald J. Trump named the five cryptocurrencies that will be in the US Crypto Strategic Reserve.

President Donald J. Trump has named the five cryptocurrencies that will be in the US Crypto Strategic Reserve.

These digital coins are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Ripple’s XRP.

At the beginning of March 2025, President Donald J. Trump announced the creation of a U.S. crypto strategic reserve in a bid to strengthen the dollar and the country’s finances.

The news broke on March 2, 2025, after the president met with members of the Republican Presidents Network at the Trump National Doral Miami resort.

The president promised that the U.S. would become the “crypto capital of the world” and promoted the idea of a strategic bitcoin reserve.

Later, he added four other digital assets, changing its name to the Crypto Strategic Reserve.

However, TIME says it is unclear how the president will fund the reserve, its size, and its purpose.

Some believe it will work like America’s other strategic reserves for gold and other essentials.

Others say it could help pay off the national debt.

Many crypto enthusiasts support the plan because it may encourage more people to buy bitcoin and other digital currencies.

Consequently, their prices will increase, boosting their portfolios.

Other governments may follow America’s example and create their own reserves, raising prices further.

They also believe the Crypto Strategic Reserve may serve as a hedge against inflation.

On the other hand, skeptics like Stephen Cecchetti took to X and voiced his concerns regarding this plan.

The economist and professor at Brandeis International Business School said:

“It’s foolish to purchase risky assets with leverage in the hope of making it easier to repay your debt.”

The U.S. may sell off the Crypto Strategic Reserve’s assets to battle inflation. However, doing so could signal other investors to sell their cryptocurrencies, too.

This domino effect could drastically reduce the value of the CSP’s remaining assets.

Ironically, some crypto experts are against the U.S. government’s crypto plan.

They pointed out the irony of the government having significant power over a currency that was designed to be decentralized.

Others warned that scammers could take advantage of the Crypto Strategic Reserve for their schemes.

Lastly, President Trump launched his $TRUMP coin days before taking office. He and his sons also opened a venture named World Liberty Financial.