President Trump announced plans for a U.S. Crypto Reserve to boost the industry, citing attacks from the Biden administration.

His executive order directs a working group to develop a Crypto Strategic Reserve including XRP, SOL, and ADA.

Trump aims to make the U.S. the “Crypto Capital of the World.”

The move follows the White House’s upcoming crypto summit on March 7, The Hill has reported.

While once a crypto skeptic, Trump has embraced the industry during his campaign.

Written by B.C. Begley