Trump Names Five Cryptos for U.S. Strategic Reserve

Coin WorldMonday, Mar 3, 2025 7:22 am ET

1min read

U.S. President Donald Trump has named five cryptocurrencies for inclusion in the country’s strategic crypto reserve. Initially, he listed XRP, Solana (SOL), and Cardano (ADA), before adding bitcoin (BTC) and ether (ETH) to the list. The president has been advocating for a strategic crypto reserve since his presidential campaign and signed an executive order for a working group to evaluate its potential creation and maintenance.

The Swiss national bank (SNB) has dismissed the idea of incorporating bitcoin into its reserves. Martin Schlegel, the president of the SNB, cited concerns over the cryptocurrency’s volatility, liquidity, and security as reasons for the central bank’s stance. This decision comes amidst a new initiative in the country pushing for a constitutional amendment that would require the SNB to hold bitcoin and gold in its reserves.

The White House has announced that U.S. President Donald Trump will host a summit focused on cryptocurrencies on March 7. The event will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the president’s Working Group on Digital Assets. The initiative is spearheaded by David Sacks, a venture capitalist and the White House’s crypto czar, and will be administered by Bo Hines, executive director of the working group on digital assets.

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