US Crypto Reserve Details to Be Revealed on Friday

• Strengthening the US position as a leader in cryptocurrencies.
• Protecting and promoting the use of blockchain and stablecoins.
• Opposition to the creation of CBDCs to safeguard privacy.

The US government under President Donald Trump is set to announce a significant plan to establish a new Strategic Cryptocurrency Reserve. The announcement is set to take place during the highly anticipated White House Crypto Summit, David Sacks, the administration’s AI and crypto czar, has confirmed.

This move follows the recent surge in the value of cryptocurrencies SOL, ADA and XRP, all of which originated from US companies, which saw significant price jumps following preliminary announcements about the plan. Notably, XRP saw a surge of over 30%, reaching a new high above $2,90. Solana and Cardano also saw notable gains, with increases of 20% and 70%, respectively.

The strategy outlined by Sacks is a direct reflection of a series of posts made by Trump on the platform Truth Social, where he highlighted that the reserve will include Bitcoin, Ethereum and other relevant cryptocurrencies. The initiative follows Executive Order 14178, which proclaims the intention of the United States to become the “Cryptocurrency Capital of the World,” and revokes previous orders that imposed restrictions on the development of this industry.

President Trump has announced a Crypto Strategic Reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with his week-one EO 14178. President Trump is keeping his promise to make the US the “Crypto Capital of the World.” More to come at the Summit.

— David Sacks (@davidsacks47) March 2, 2025

Additional details on the execution of this reserve will be discussed at the summit, which will feature key industry figures including founders, CEOs, and investors. The White House said the event, which will be coordinated by Bo Hines, executive director of the President’s Working Group on Digital Assets, will focus on the future of digital assets in the United States.

The executive order promotes the protection of the use of public blockchain networks, the sovereignty of the dollar through stablecoins and ensures fair access to banking services. Importantly, it prohibits the establishment of Central Bank Digital Currencies (CBDCs), defending financial stability and citizens' privacy.

Reactions from the crypto community have been overwhelmingly positive. Changpeng Zhao, founder and former CEO of Binance, expressed optimism, noting that “this is a fantastic start to something really good” and encouraged the community to continue developing the sector with peace of mind.