U.S. President Donald Trump’s decision to include Cardano’s ADA in a proposed U.S. Crypto Strategic Reserve, announced on March 2, 2025, reflects strategic engagement with cryptocurrency leaders, including ADA founder Charles Hoskinson, who has been actively building ties with the Trump administration.
Hoskinson’s February meetings, including a visit to Trump’s Mar-a-Lago estate in Florida, suggest direct lobbying efforts, as he hinted at meeting a “big shot” in early February and later confirmed his travel plans on February 27, by passing ETH Denver to prioritize the trip.
The inclusion of ADA aligns with Trump’s broader pro-crypto stance, evidenced by his administration’s rapid moves to support the industry, such as naming other digital assets like XRP and SOL in the reserve, following his 2024 election victory and industry backing.
Hoskinson’s long-standing U.S. background and his public discussions about collaborating with the Trump administration, as noted in a November 2024 livestream, likely influenced the decision, positioning ADA as a key player in shaping U.S. crypto policy.
Recent web reports, including from Reuters on March 2, 2025, highlight Trump’s patriotic approach to crypto, potentially viewing ADA’s technology and Hoskinson’s connections as valuable for boosting U.S. leadership in the global cryptocurrency market.
The announcement led to significant price increases for the included cryptocurrencies.
Trump courted the crypto community during his election campaign despite being a skeptic from the beginning.
The President of the United States, Donald Trump, who previously described cryptocurrencies as a “scam,” triggered a surge in several major coins on Sunday after announcing plans to make the United States the “world capital of cryptocurrencies.”
Trump stated in a post on his social network, Truth Social, that he would create a “Strategic Cryptocurrency Reserve,” which would include secondary cryptocurrencies such as Ripple, Solana, and Cardano. In a later post, the president also added that Bitcoin and Ethereum would “be at the heart of the reserve.”
A strategic reserve is a set of resources that a government retains from regular use to deploy in times of crisis or supply chain disruptions. The United States has other strategic reserves, such as the Strategic Petroleum Reserve, which stores oil in 28 refineries along the Gulf Coast.
“My executive order on digital assets has directed the presidential task force to move forward with a Strategic Cryptocurrency Reserve that includes XRP, SOL, and ADA,” Trump said in the post. “I will ensure that the United States becomes the World’s Cryptocurrency Capital.”
“Trump’s announcement comes after a promise he made in July at the Bitcoin 2024 conference, where he pledged to keep all cryptocurrencies owned by the federal government—most of which were seized by law enforcement—in a ‘national Bitcoin reserve.’
Trump’s post on Sunday was his first mention of a cryptocurrency reserve instead of a ‘stockpile’ of cryptocurrencies. A cryptocurrency reserve implies the active purchase of such assets, whereas a mere accumulation would consist of cryptocurrencies the government already owns, such as those it has confiscated.”
From ‘Scam’ to Crypto Believer
Trump’s effort to create the first strategic cryptocurrency reserve in the United States marks the culmination of his 180-degree shift on cryptocurrencies. During his first term, Trump labeled cryptocurrencies as a “scam.”
“I’m not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” he wrote on Twitter in 2019. Trump seemed to change his mind during the 2024 presidential elections and even launched his own crypto banking company, World Liberty Financial, in October.
“If we don’t do it, China will,” predicted Trump at the time, referring to the adoption of cryptocurrencies as mainstream currency. “We have to be the biggest and the best.”
After his election in November and his inauguration in January, Trump and First Lady Melania Trump even launched their own meme cryptocurrencies.
A Political Shift
His endorsement of cryptocurrencies during the campaign may have helped both him and some down-ballot candidates unseat their Democratic rivals who opposed them.
In total, pro-cryptocurrency political action committees (PACs) injected more than $131 million into the campaigns of congressional candidates who also supported cryptocurrencies. More than 85% of those candidates won their races, according to CBS.
Meanwhile, the Biden Administration has generally been more skeptical of cryptocurrencies. In March 2022, Biden signed a sweeping executive order on cryptocurrencies, directing the Treasury Department to assess and develop regulations for the industry.
“Leaders in the cryptocurrency industry also widely criticized former Securities and Exchange Commission (SEC) Chairman Gary Gensler, who served under the Biden administration.
Trump received a standing ovation at the Bitcoin 2024 conference when he promised to fire Gensler if elected. The president has nominated Paul Atkins, who was an SEC advisor during George W. Bush’s presidencies and is an outspoken advocate for cryptocurrencies, to take his place.”
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