Sunday morning, Donald Trump drops a bombshell on Truth Social.

Truth Social

"Crypto Strategic Reserve". Three words that shake up the market and reignite the debate: what role should the United States play in the accumulation of digital assets? A look back. Last July, at the Bitcoin conference in Nashville, Trump spoke exclusively about bitcoin. He ended his speech with a powerful announcement:

"If elected, America will keep 100% of the bitcoins it holds and acquires in the future. This will be the core of our national strategic bitcoin reserve."

A few months later, on January 23, 2025, Trump signed a presidential decree mentioning a "stockpile of national digital assets". But today, the vocabulary is changing: we're no longer talking about a stockpile, but a strategic crypto reserve. A semantic detail that changes everything?

Stock or reserve: a nuance fraught with meaning

When we speak of strategic assets, a "stock" refers to a pile of resources intended to be used when needed, rather like oil or wheat reserves. A "reserve", on the other hand, is an asset held for its long-term value and stability, like the gold held by the Federal Reserve. If Trump wants to build a true crypto reserve, this implies strategic management of digital assets over the long term, far beyond mere opportunistic accumulation. In other words, in the case of cryptocurrencies, any assets acquired under government control would likely fall into a stockpile, while assets purchased intentionally would be considered part of a reserve.

But Trump is playing another card. His presidential decree doesn't just mention bitcoin. It opens the door to other cryptos, including XRP, SOL and ADA. A decision that fuels speculation: why these three? Intense lobbying, special relationships or simple electoral calculation?

That Trump wants to include several cryptos in a strategic reserve is good news for digital asset holders. But is it the best decision for the country in the long term? That's another story.

Having a crypto reserve is one thing. But who decides on its allocation? What criteria justify the inclusion of one asset over another? That's where it gets slippery. If this initiative isn't supervised, we run the risk of falling into a game of influence and lobbying.

One intriguing detail: why were Solana (SOL), Ripple (XRP) and Cardano (ADA) mentioned first on Truth Social, before Bitcoin (BTC) and Ethereum (ETH) were mentioned a little later? Was this mere coincidence, or a sign that some players already had their foot in the door before the official announcement? When you consider that Ripple has stepped up its lobbying, that Charles Hoskinson of Cardano speaks openly of his links with the administration, and that David Sacks has a financial interest in Solana, it's hard to believe that all this is pure merit.

Clearly, good news for the market, but watch out for the corridors of power. If this crypto reserve becomes a political tool rather than a strategic project, we may yet have seen the real chaos to come.

A credible initiative or a political stunt?

Trump knows how to play the markets. He posts his message on a Sunday, when liquidity is low and reactions can amplify movements. The result: chain speculation and maximum FOMO. The impact is undeniable.

But beyond the buzz, the question remains: is this crypto reserve a real project or just a campaign tool? For the moment, no law validates such a plan. A national reserve of digital assets would probably require passage through Congress. Yet even if Trump holds power, convincing lawmakers to buy BTC, ETH, SOL, ADA and XRP with public funds will be no mean feat.

And the signs are not encouraging. Five states - Montana, Pennsylvania, North Dakota, South Dakota and Wyoming - have already rejected proposals for a national bitcoin reserve. And yet, these are Republican states that Trump has won over. If even they put the brakes on, it's hard to imagine rapid federal adoption.

Trump summons crypto giants: an unprecedented summit at the White House

This Friday, March 7, Washington becomes the center of gravity of the crypto world. For the first time, a cryptocurrency summit will be held at the White House. Donald Trump will welcome founders, CEOs and investors from the sector. Who, exactly? A mystery. For the moment, no names have been released.

What we do know is that David Sacks, the "crypto czar" appointed by Trump, will lead the discussions. The aim? To lay the foundations for a clear policy for the sector. According to the White House, Trump himself will take the floor to share his vision. What concrete action has been taken so far? Few, if we exclude the creation of the $TRUMP memecoin, an initiative that caused more controversy than anything else. This summit could be the key moment when the first tangible measures are announced, finally laying down a more structured framework for the government's crypto policy.

So, is it just a PR stunt or a real turning point for the industry? One thing's for sure: on Friday, the eyes of the entire crypto market will be on Washington.