Special Poll
President Trump announced Sunday that the United States would be establishing a national crypto reserve, a move he says will strengthen the growing digital asset industry and position America as a global leader in cryptocurrency.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” Trump posted on Truth Social.
Trump declared his intention to make the United States the “Crypto Capital of the World.”
The announcement follows the White House’s decision to host cryptocurrency industry leaders on March 7 for a first-of-its-kind summit. The event will include founders, CEOs, and major investors in the digital asset space.
One of Trump’s first executive orders outlined his plans to foster “responsible growth” in digital assets and leverage blockchain technology to boost the U.S. economy. His working group on digital assets has been tasked with submitting regulatory and legislative recommendations within six months.
While Trump’s supporters see this as a bold step toward innovation and economic expansion, critics are raising serious concerns about potential corruption and financial manipulation. Some lawmakers and financial analysts have suggested that Trump’s crypto reserve could serve as a tool for money laundering or backdoor financial dealings, particularly given the lack of strict regulations in the cryptocurrency market.
Opponents argue that by personally selecting certain cryptocurrencies for inclusion in the reserve, Trump and his allies could profit from inside knowledge and market manipulation. Some have even drawn comparisons to past controversies surrounding foreign investments and political donations, warning that a poorly regulated crypto reserve could open the door for illicit financial activity.
Despite these concerns, Trump remains steadfast in his push for digital asset expansion, maintaining that his administration will bring transparency and legitimacy to the cryptocurrency industry in ways previous administrations have failed to do.