GuShiio.com Original title: “Trump: I will ensure that the United States becomes the world’s cryptocurrency capital”
Original author: Zhou Zhou, Foresight News
Trump fulfilled his promise and continued to promote the United States to become a cryptocurrency center, and said he was promoting the inclusion of five cryptocurrencies, BTC, ETH, XRP, Solana, and ADA, into the U.S. national digital asset reserve.
On the evening of March 2, 2024, Trump said on Truth, the social networking site he founded: After years of corruption attacks by the Biden administration, U.S. cryptocurrency reserves will drive this key industry, which is why my Digital Assets Executive Order instructs the President’s Working Group to advance crypto strategic reserves, including XRP, SOL and ADA. I will ensure that the United States becomes the cryptocurrency capital of the world. We are making America great again!
Two hours later, Trump added: “Of course, as other valuable cryptocurrencies, BTC and ETH will be the core of reserves. I also like Bitcoin and Ethereum!”
It is understood that this is another action after Trump proposed to establish a national Bitcoin strategic reserve on July 27, 2024, and signed an executive order on January 23, 2025 instructing the establishment of a cryptocurrency working group to explore the establishment of a national digital asset reserve.
David Sacks, a central figure in AI and cryptocurrency development in the White House, said on Twitter: President Trump has announced a crypto strategic reserve consisting of Bitcoin and other top cryptocurrencies. This is consistent with Executive Order 14178 issued in the first week. President Trump is making good on his promise to make the United States the “cryptocurrency capital of the world.” There is more at the summit.
The above-mentioned summit refers to the first cryptocurrency summit planned by the White House on March 7, 2025. Hosted by President Donald Trump, the summit aims to bring together leaders in the cryptocurrency industry, including well-known founders, CEOs, investors, and members of the President’s Digital Assets Working Group, to discuss issues such as cryptocurrency-related regulatory policies, stablecoin framework and potential Bitcoin strategic reserves.
Trump “stirs” the encryption ecosystem
Trump and the current U.S. government are deeply influencing the ecosystem of the crypto industry. This is reflected in many aspects such as the price of cryptocurrencies and industry development.
First of all, at the price level, Trump’s short-term impact on the rise and fall of the cryptocurrency market is very obvious.
From February 21 to February 28, Bitcoin dropped all the way from around $100,000 to $79,000; however, after the White House announced on February 28 that it would hold the first cryptocurrency summit, and Trump announced on March 2 that it would ensure that the United States would become the world’s cryptocurrency capital, Bitcoin and other cryptocurrencies soared.
In just three days, the five tokens mentioned by Trump all increased significantly: Bitcoin returned to $94,000 from $79,000, an increase of 19%;Solana rose from $126 to $178, an increase of 41%;XRP rose from $1.98 to $2.93, an increase of 48%;ADA rose from 0.58 to $1.13, an increase of 94%; Ethereum rose from $2103 to $2538, an increase of 20.6%.
Among them, the three coins with the highest increase in the past three days: ADA was 94.83%, XRP was 47.98%, and Solana was 41.27%. The ones with relatively low increases were Bitcoin and Ethereum, with 18.98% and 20.68%, respectively.
In addition to prices, Trump will continue to exert influence on the deeper long-term development of the crypto industry ecosystem.
For example, after the issuance of Trump’s presidential coin, Trump Tokens, it siphoned off funds in the entire crypto market and changed the existing rhythm of the crypto market. The wave of AI Agents that was once popular in the crypto industry was suddenly interrupted.
Some practitioners also said: Trump and the U.S. government’s strong support for cryptocurrencies will lead to more cryptocurrencies that are strongly related to the U.S. ecology and even the Trump family, such as Solana, XRP, ADA, Base, Sui, etc. There are further development. It is expected that more entrepreneurs, developers and traders will choose crypto ecosystems and cryptocurrencies that are strongly related to the United States.
Trump continues to act to ensure that the United States becomes the world’s crypto capital
Trump’s actions against cryptocurrencies are continuous and frequent.
Previously, Trump has repeatedly deployed cryptocurrencies. On January 20, 2025, three days before Trump officially took office (January 17), Trump announced the issuance of Trump Tokens on social media. The market value of the token increased from 0 to 80 billion in just a few days.
On the third day after taking office (January 23, 2025), Trump signed an executive order instructing the establishment of a cryptocurrency working group to formulate new regulations and explore the establishment of a national digital asset reserve, while prohibiting the creation of a central bank digital currency (CBDC).
In addition, the Trump family business has also officially entered the cryptocurrency field and launched formal projects.
On September 16, 2024, Trump and his son Donald Trump Jr. Through X Live Broadcast, et al. announced the launch of the cryptocurrency project “World Liberty Financial”, a decentralized financial platform that plans to issue the token $WLFI. The day after the incident (September 18, 2024), Trump used Bitcoin to pay for a burger at PubKey, a bitcoin-themed bar in New York City, USA. This was the first time he publicly used Bitcoin to conduct a transaction.
Prior to this, Trump had promised during the campaign to establish a national strategic reserve of Bitcoin. On July 27, 2024, Trump delivered a speech at the “Bitcoin 2024 Conference” held in Nashville, promising that if elected, the United States would become the “world’s cryptocurrency capital” and proposed to establish a national Bitcoin strategic reserve and retain all Bitcoin held by the government.
Trump’s actions on cryptocurrencies are gradual and progressive. In May 2024, the Trump campaign announced that it would accept cryptocurrency donations such as Bitcoin, Ethereum, and Dogcoin, becoming the first presidential candidate from a major U.S. party to accept cryptocurrency donations.
After the issuance of Trump tokens, the crypto market was sucked and has since plummeted. Practitioners have questioned whether Trump will continue to support cryptocurrencies. However, Trump once again promised last night to establish a national strategic reserve of Bitcoin and continue to promote more cryptocurrencies to become national strategic reserves, demonstrating Trump’s determination to promote the development of cryptocurrencies.
From the first half of 2024 to the present, Trump’s actions against cryptocurrencies have been continuous and frequent. It can be seen from his series of actions that his goal of establishing a national strategic reserve of cryptocurrencies for the United States and building the United States into the world’s cryptocurrency capital is progressing in a rhythmic manner.
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