On March 3, 2025, President Donald Trump revealed the establishment of a U.S. strategic cryptocurrency reserve, which will include Bitcoin, Ether, XRP, Solana, and Cardano.

This initiative seeks to position the United States at the forefront of the digital asset sector and signifies a major transformation in the government's perspective on cryptocurrencies.

In the wake of this announcement, the cryptocurrency market saw remarkable growth.

Bitcoin's value surged by roughly 9%, climbing to $93,000, which contributed an additional $166 billion to its market capitalization.

Ether experienced a 13% upturn, reaching $2,516.

XRP's price climbed from $2.23 to $2.99, Solana's ascended from $140 to $168, and Cardano's increased from $0.68 to almost $1. Overall, the cryptocurrency market grew by more than $300 billion.

This development illustrates a significant shift in the government's attitude toward digital assets, likely expediting institutional uptake and bolstering U.S. leadership in digital asset innovation.

A White House crypto summit, featuring prominent industry figures, is set for March 7 to discuss prospective regulatory policies and the influence of cryptocurrencies on the U.S. financial landscape.