Trump: I Will Ensure the U.S. Becomes the World Capital of Cryptocurrency

By: blockbeats|2025/03/03 12:00:04

Original Title: "Trump: I Will Ensure the U.S. Becomes the World's Cryptocurrency Capital"

Original Author: Zhou Zhou, Foresight News

Trump has fulfilled his promise to continue driving the U.S. as a cryptocurrency hub, stating that efforts are underway to include BTC, ETH, XRP, Solana, and ADA in the U.S. National Digital Asset Reserve.

On the evening of March 2, 2024, Trump announced on his social media platform Truth: "After years of corrupt attacks by the Biden administration, the U.S. cryptocurrency reserve will drive this critical industry, which is why my digital asset executive order directs the President's Working Group to advance a strategic reserve including XRP, SOL, and ADA. I will ensure the U.S. becomes the world's cryptocurrency capital. We are making America great again!"

Two hours later, Trump added: "Of course, as with other valuable cryptocurrencies, BTC and ETH will be at the core of the reserve. I also like Bitcoin and Ethereum!"

It is understood that this follows Trump's proposal on July 27, 2024, to establish a national Bitcoin strategic reserve and the signing of an executive order on January 23, 2025, directing the establishment of a cryptocurrency working group to explore the creation of a national digital asset reserve.

David Sacks, a key figure in AI and cryptocurrency development at the White House, tweeted: President Trump has announced a cryptocurrency strategic reserve composed of Bitcoin and other top cryptocurrencies. This is consistent with his Week 1 Executive Order 14178. President Trump is fulfilling his promise to make the U.S. the "world's cryptocurrency capital." There is more to come at the summit.

The summit mentioned above refers to the first cryptocurrency summit planned to be held at the U.S. White House on March 7, 2025. This summit, hosted by President Donald Trump, aims to bring together leaders in the cryptocurrency industry, including prominent founders, CEOs, investors, and members of the Presidential Digital Asset Working Group, to discuss regulatory policies, stablecoin frameworks, and potential Bitcoin strategic reserves.

Trump's "Disruption" of the Crypto Ecosystem

Trump and the current U.S. government are deeply impacting the cryptocurrency industry ecosystem. This is reflected in various aspects, including cryptocurrency prices and industry development.

First, in terms of price, Trump's short-term impact on the cryptocurrency market is very obvious.

From February 21 to February 28, Bitcoin fell from around $100,000 to $79,000; however, on February 28, the White House announced the first cryptocurrency summit and Trump announced on social media on March 2 that he would ensure the U.S. becomes the world's cryptocurrency capital. Following these announcements, Bitcoin and other cryptocurrencies surged.

In just three days, the five tokens mentioned by Trump all saw significant gains: Bitcoin rose from $79,000 back to $94,000, a 19% increase; Solana rose from $126 to $178, a 41% increase; XRP rose from $1.98 to $2.93, a 48% increase; ADA rose from $0.58 to $1.13, a 94% increase; and Ethereum rose from $2,103 to $2,538, a 20.6% increase.

Among them, the top three tokens with the highest gains in the three days were: ADA at 94.83%, XRP at 47.98%, and Solana at 41.27%, with relatively lower gains for Bitcoin and Ethereum, at 18.98% and 20.68%, respectively.

Beyond price, Trump's deeper and long-term impact on the cryptocurrency industry ecosystem will continue to be felt.

For example, after the launch of Trump's presidential token, Trump Token absorbed all the funds in the entire cryptocurrency market, changing the existing pace of the cryptocurrency market. The previously hot AI Agent trend in the cryptocurrency industry was suddenly interrupted.

Some practitioners also said that Trump's strong support for cryptocurrencies and the U.S. government will lead to further development of cryptocurrencies that are strongly related to the U.S. and even to the Trump family, such as Solana, XRP, ADA, Base, and Sui. It is expected that more entrepreneurs, developers, and traders will choose to be part of the U.S.-related cryptocurrency ecosystem and currency.

Trump's Continued Actions to Ensure the U.S. Becomes the World's Cryptocurrency Capital

Trump's actions regarding cryptocurrency are continuous and frequent.

Previously, Trump made various moves related to cryptocurrency. On January 17, 2025, just three days before Trump officially took office (January 20), Trump announced the issuance of the Trump Token on social media, and the token's market value went from 0 to $800 billion in just a few days.

On the third day after taking office (January 23, 2025), Trump signed an executive order directing the establishment of a cryptocurrency task force, tasked with formulating new regulations and exploring the creation of a national digital asset reserve, while also prohibiting the issuance of a Central Bank Digital Currency (CBDC).

In addition, the Trump family business has officially entered the cryptocurrency field and launched a formal project.

On September 16, 2024, Trump, along with his son Donald Trump Jr. and others, announced the launch of the cryptocurrency project "World Liberty Financial" via a live stream. This project is a decentralized finance platform planning to issue the $WLFI token. The day after this event (September 18, 2024), Trump made a Bitcoin payment for a hamburger at a Bitcoin-themed bar called PubKey in New York City, marking his first public Bitcoin transaction.

Prior to this, Trump had already pledged during his campaign to establish a national Bitcoin strategic reserve. On July 27, 2024, Trump delivered a speech at the "Bitcoin 2024 Conference" in Nashville, promising that if elected, he would make the United States the "world's capital of cryptocurrency" and proposed establishing a national Bitcoin strategic reserve, retaining all Bitcoin held by the government.

Trump's actions regarding cryptocurrency have been gradual and steadily advancing. In May 2024, Trump's campaign team announced that they would accept cryptocurrency donations including Bitcoin, Ethereum, Dogecoin, etc., making him the first major-party U.S. presidential candidate to accept cryptocurrency donations.

Following the issuance of the Trump Token, the crypto market experienced a bloodbath, thereafter facing a continuous decline, leading industry participants to question whether Trump would continue to support cryptocurrency. However, Trump reiterated last night his commitment to establishing a national Bitcoin strategic reserve and pushing for more cryptocurrencies to become national strategic reserves, demonstrating his determination to drive cryptocurrency development.

Since the first half of 2024, Trump's actions regarding cryptocurrency have been consistent and frequent. Through his series of actions, it is clear that he is rhythmically moving forward with his goal of the U.S. establishing a cryptocurrency national strategic reserve and becoming the world's cryptocurrency capital.

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