Crypto Industry Leaders React to Trump's Strategic Crypto Reserve Announcement

What to Know:

U.S. President Donald Trump announced a strategic crypto reserve plan that includes XRP, Cardano’s ADA, and Solana’s SOL.
The announcement has generated substantial commentary within the crypto community.

In a significant move on Sunday night, President Donald Trump revealed a strategic crypto reserve plan involving key digital assets such as XRP, ADA, and SOL. This statement marks a notable development as Trump has been contemplating a crypto reserve since his 2024 presidential campaign.

Following an executive order signed in January directing a working group to explore the creation of a strategic crypto reserve, he has now called for the group to officially establish the reserve, which will include various cryptocurrencies. A summit with industry representatives is scheduled for March 7.

This announcement sent shockwaves through the market, significantly boosting the values of ADA and XRP, with ADA increasing by as much as 60%.

Here’s what crypto industry leaders have to say:

Hunter Horsely, CEO of Bitwise

“I imagined a Strategic Reserve would be just bitcoin. That makes the most sense to me. Many crypto assets have merits, but what we’re talking about here isn’t a US investment portfolio — we’re talking about a reserve, and Bitcoin is the undisputed store of value for the digital age. I’m grateful the new administration is so constructive on the space. I look forward to learning more about thinking here.”

Brad Garlinghouse, CEO of Ripple Labs

“I’ve said this before - the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a government digital asset reserve representative of the industry. Maximalism is the enemy of the industry’s progress. Glad to see POTUS recognizing we live in a multichain world.”

Brian Armstrong, CEO of Coinbase

“Excited to learn more. Still forming an opinion on asset allocation, but my current thinking is: 1. Just Bitcoin would probably be the best option - simplest, and clear story as a successor to gold. 2. If folks wanted more variety, you could do a market cap weighted index of crypto assets.”

Peter Schiff, renowned gold bull and bitcoin critic

“I get the rationale for a Bitcoin reserve. I don’t agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. But what’s the rationale for an XRP reserve?”

Arthur Hayes, founder of BitMEX

“Nothing new here. Just words. Lmk when they get congressional approval to borrow money.”

Tracy Jin, COO of MEXC

“This move signals recognition of cryptocurrencies’ value and contribution to the national economy, their role in economic strategy, and the growing recognition of blockchain’s potential.”

James Butterfill, Head of Research at CoinShares

“We are surprised to see digital assets other than Bitcoin included in the strategic reserve, as they differ significantly in nature.”