Trump’s Crypto Reserve Plan Shakes Markets – Here’s What Industry Leaders Think
The cryptocurrency market was sent into a frenzy Sunday night as U.S. President Donald Trump unveiled plans to create a U.S. strategic crypto reserve, initially including XRP, Cardano (ADA), and Solana (SOL)—before later adding Bitcoin (BTC) and Ethereum (ETH) to the mix.
The announcement sparked a massive market rally, with ADA and XRP surging over 60%, while Bitcoin climbed back above $93,000 after last week’s slump.
Trump first floated the idea of a government-backed digital asset reserve during his 2024 campaign, but until now, there had been no official action taken. His executive order earlier this year instructed a digital assets working group to explore the concept, though it did not mandate the reserve’s creation outright.
Now, Trump is pushing for its formal establishment and has directed the working group to move forward with implementation. To clarify the plan, the White House is hosting a Crypto Summit on March 7, bringing together government officials and key figures from the crypto industry.
With speculation running wild, here’s what some of the biggest names in crypto are saying:
Industry Leaders Weigh In
Hunter Horsley, CEO of Bitwise
“A crypto reserve makes sense—if it’s Bitcoin-only. Including multiple assets suggests the U.S. is treating crypto like a tech portfolio rather than a monetary hedge. Intriguing approach.”
Brad Garlinghouse, CEO of Ripple
“For years, crypto has been stuck in regulatory uncertainty. This move suggests the government is finally recognizing blockchain’s strategic importance. I’m looking forward to engaging further in D.C. this week.”
Brian Armstrong, CEO of Coinbase
“If this reserve is about monetary security, Bitcoin is the obvious choice. If it’s about supporting blockchain innovation, then a broader portfolio makes sense. Either way, this is a big shift in U.S. policy toward crypto.”
Peter Schiff, Gold Advocate & Bitcoin Skeptic
“Bitcoin? I get it—it’s digital gold. But why XRP, ADA, and SOL? What exactly is the U.S. reserving them for? This seems more like speculation than a true reserve strategy.”
Arthur Hayes, Co-Founder of BitMEX
“I’ll take this seriously when I see actual funds allocated. Until then, it’s just political hype.”
Tracy Jin, COO of MEXC
“A U.S. crypto reserve could provide legitimacy, stability, and regulatory clarity—three things this industry has desperately needed.”
James Butterfill, Head of Research at CoinShares
“Bitcoin makes sense as a reserve asset, but including altcoins suggests a different strategy entirely. This could indicate a broader investment in blockchain technology rather than just a monetary hedge.”
What’s Next?
While markets are celebrating, investors remain cautious, waiting for more details at the March 7 Crypto Summit. Key questions remain:
- Will the U.S. government actually acquire these assets?
- How will the reserve be funded?
- Will this lead to clearer crypto regulations?
For now, Trump’s announcement has injected fresh optimism into the market, but investors will be watching closely for what comes next.
