Trump: Consider including five cryptocurrencies in U.S. strategic reserves

Date：2025-02-25 09:49:46

【The news quotes the Global Times】

【Global Times Comprehensive Report】 According to reports by Colombia Broadcasting Corporation, Reuters and other media on the 3rd, U.S. President Trump announced on the 2nd that he would consider including five cryptocurrencies into the U.S. strategic reserve of new cryptocurrencies to build the United States into the "World Cryptocurrency Capital."

According to reports, Trump posted on his own social platform "Real Social" that the executive order he issued in January on digital assets would establish currency reserves including Bitcoin, Ethereum, Ripple, Solana and Ida. Shortly afterwards, he posted another post saying: "Obviously, Bitcoin and Ethereum will become the core of the currency reserve."

In January this year, Trump signed an executive order establishing a working group to study digital assets. The working group is mainly responsible for assessing the feasibility of establishing a national digital asset reserve and formulating a clear regulatory framework for the crypto industry. When signing the executive order, Trump did not specify any digital assets.

Agence France-Presse said that after the news broke, the value of the five cryptocurrencies named by Trump soared and partially reversed their recent downward trend. Data shows that within a few hours after Trump announced the news, the total cryptocurrency market rose by about 10%, or more than US$300 billion.

Allegedly, this is not the first time Trump and his team members have expressed their opinions on the cryptocurrency industry. The BBC said Trump had previously been a critic of cryptocurrencies, telling Fox News in the United States in 2021 that Bitcoin was a "scam."

US media said that during the 2024 US presidential election, Trump received support from the cryptocurrency industry, and he then quickly took action to support the development of the industry. In recent weeks, Trump and his wife Melania have also launched their exclusive cryptocurrency, triggering many accusations that they are trying to make profits through White House policies. American billionaire Musk also often promotes cryptocurrencies on social platform X. The White House previously announced in a statement that Trump will attend the White House's first cryptocurrency summit on the 7th of this month to further strengthen support for the industry. (Ren Yiran)