US President Donald Trump on Sunday Declare His government will create a national reserve for strategic encryption that will include five encrypted currencies, adding that he will make the United States “the world of encryption in the world.”

In a statement about his social network, Trump said that a coding working group was created after his inauguration in January, pressing the creation of the reserve, Loyalty to promises He made for the first time to coding groups during his election campaign.

After its announcement on Sunday, the values ​​of the called currencies, including Bitcoin, increased after the recession for weeks.

The move comes before the top of the first White House encryption on Friday and is a major transformation in the US policy. The administration of former President Joe Biden has taken the cracking of the industry due to doubts in fraudulent transactions. Trump was skeptical during his first term as president. At that time, Bitcoin – the largest encrypted currency – had called “a fraud”.

In his announcement on Sunday, Trump criticized the policies of the Biden era, describing them as “corrupt”.

“The encryption reserves will raise this critical industry after years of corrupt attacks by the Biden administration … I will make sure that the United States is the world of encryption in the world. We are making America great again,” Trump said.

Here is what you need to know about the new bladder reserves:

What will include the United States encryption reserves?

On Sunday’s positions, Trump initially stated that the smaller currencies – XRP, Cardano and Solana – will form part of the new national encryption stocks.

However, about an hour later, the president said in a separate post, “It is clear that BTC and ETH … will be in the heart of the reserve,” referring to Bitcoin and Ethereum, the best two cryptocurrencies depending on the market value.

The market’s reaction was positively positively to this position as Cardano jumped about 60 percent to $ 1.25 from a previous $ 0.65, according to Coinbase Crypto Exchange – although by Monday, it settled again to about $ 0.97. Solana increased from about $ 150 to $ 170 and XRP jumped from $ 2.25 to $ 3, as both currencies rose at a rate of about 12 and 20 percent, respectively.

Meanwhile, Bitcoin and Ethereum have gained more than 10 percent, as Bitcoin was 94,000 dollars from the previous $ 86,000.

During his campaign, Trump collected the encryption industry and promised aggressive measures to support currencies once in power. After winning the elections in November, the cryptocurrency market witnessed an unprecedented increase – for example, Bitcoin arrived Ever From 109,000 dollars. However, the market slows down in the following weeks.

Trump and First Lady Melania Trump in January They launched their meme currencies Digital currencies inspired by viral trends, but lack financial or technological support to actual encrypted currencies.

Elon Musk, who leads the Trump government’s efficiency campaign, often promotes cryptocurrencies on his social media network (formerly Twitter).

What could be the goal behind the encryption reserves?

Owning digital currencies such as Bitcoin is increasingly seen by governments as an alternative store, such as gold, and as a hedge against inflation. But some experts say that the encryption market is very volatile and witnessed price fluctuations, which makes it a risky bet as an alternative store to value – especially compared to gold.

Many countries carrying digital currencies seized in criminal investigations will be able to use cryptocurrencies as a legal tendency.

Switzerland plans to make a decision on encryption reserves after a public referendum, while Brazil, Germany, Hong Kong, Poland and Russia are considering taking steps to build them.

The United States government is currently enjoying the largest cryptocurrency for any country – 200,000 Bitcoin – and Trump’s position is increasing the credibility of more different coins. If the United States encrypting plans are advanced, more countries in the game are likely to be fought due to the massive influence of the United States as the world’s largest economy.

Trump’s batch of encryption in America will put a major impact on how international encryption regulations appear later.

If the United States government, through reserves, bears a large part of the global size of encryption symbols, it will be in a position to reduce the price statues associated with these digital currencies.

In July 2024, Republican Senator Cennis Lomes submitted the Bitcoin Law in Congress, which was imposed on all government bitcoin, his transfer to the US Treasury and pushed to create an encryption reserve. Lomis also said this reserve will help the United States manage the current Bitcoin’s possessions in a transparent way.

She said: “Bitcoin is only converting our country, but the world has become the first advanced country to use bitcoin as the savings technique that guarantees our position as a global leader in financial innovation.”

The bill is still in mind.

What other strategic reserves keep the United States?

The only strategic reserves or other emergencies that the United States possesses are its huge oil shares, known as the SPR, in Louisiana and Texas.

The United States government describes reserves as “the largest supply in the world of crude oil in emergency situations.” Up to 714 million barrels, crude is stored in underground salt caves in four separate locations in the Gulf of Mexico, according to the government of the United States. It is preserved by the US Department of Energy.

The United States rarely needs to reach its raw reserves. It was the last time in June 2011, when President Barack Obama ordered the issuance of 30 million barrels for sale to fill the gaps resulting from the conflict in Libya, a major country that produces oil. Reserves were established for the first time in 1975 after the Arab countries announced an oil ban on the countries that supported the Israel war in 1973 over Syria and Egypt.

Do other countries have coding reserves?

Only three are currently treating cryptocurrencies as a legal tendency:

• El Salvador: Since 2021, the government of Nayeb has adopted Bitcoin Bokil as a legal tendency, making it the first country to do so. However, YALE researchers found in a study conducted in January 2024 that the currency was not very use. In January, the government reduced the bitcoin bases, making it no longer useful for paying taxes and state bills. El Salvador currently has about 6,088 Bitcoin in its reserves, which are estimated at $ 558 million.
• Central African Republic: In 2022, the Bitcoin adopted as a legal tendency, but it is not clear how much the country has in its reserves.
• Bhutan: In January, Gilivo’s mental city in Bhutan adopted the policy of cryptocurrencies such as Bitcoin and Ethereum in strategic reserves. Bhutan mining and owns about 11,000 bitcoins, at a value of $ 1.1 billion, according to Arkham Exchange.

Meanwhile, many countries complicate currencies such as bitcoin, and are often seized through law enforcement procedures in criminal activity. Rural holdings include:

• US: It has about 200,000 Bitcoin, the highest country in the world, at a value of about $ 16.7 billion, according to the Bitcoin Treasury, a commercial site.
• China: Current transactions are currently banned in China because the government has struggled to regulate it. The Chinese government is working to create its own digital currency – which will be supported by the Chinese Central Bank. Currently, China has about 194,000 Bitcoin, which is worth about $ 16.2 billion (as of March 4), which has been seized by Ponzi Scheme companies.
• UK: The UK government has about 61 Bitcoin seized from international money laundering networks, according to Crypto Binance. This is estimated at $ 5 million.
• Ukraine: It carries about 1,200 bitcoins of general donations due to the ongoing Russian war on Ukraine. This is estimated at about $ 100 million.
• Finland: It owns about 890 Bitcoin – an estimated $ 74 million – seized during drug trafficking investigations.
• India: It owns 450 Bitcoin seized during encryption fraud, which is estimated at $ 37 million.