Insights

Social media platforms announce five major categories of cryptocurrency strategic reserves, with the U.S. cryptocurrency strategic reserves including BTC , ETH , XRP , SOL , and ADA . The inclusion of ADA has sparked controversy, with some market participants jokingly referring to it as "advertising space." However, on March 7, AI and cryptocurrency mogul David Sacks stated that ADA, SOL, and XRP were mentioned because they are among the top five cryptocurrencies by market capitalization.

On the morning of March 7, Beijing time, the strategic Bitcoin reserve promised by Trump has arrived! David Sacks announced on platform X that U.S. President Trump has officially signed an executive order to establish a strategic Bitcoin reserve and digital asset reserve. However, since both reserves primarily rely on "proceeds from criminal or civil asset forfeiture" for funding, the market reacted negatively in the short term to the prices of tokens like BTC , which later saw a slight rebound. In addition to the presidential executive order, on the legislative front, on March 12, U.S. Senator Cynthia Lummis has reintroduced the Bitcoin bill (Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025) in the 119th Congress, which would allow the U.S. government to hold over 1 million Bitcoins. This bill was initially proposed in July 2024, requiring the U.S. government to purchase 200,000 Bitcoins annually over five years, with funding sourced from adjustments to existing funds from the Federal Reserve and the Treasury. Following this revision, the U.S. government could hold additional Bitcoins through legal means (including civil or criminal forfeiture, donations, or transfers from federal agencies). The First White House Digital Asset Press Conference and Digital Asset Summit In the third week of Trump's presidency (February 3 - February 9), David Sacks held the first press conference on digital assets on Capitol Hill with several U.S. lawmakers, detailing the latest plans for the White House and Congress to develop digital assets in the U.S. Sacks expressed his anticipation of collaborating with congressional legislators to boldly announce the goal of "creating a golden age for digital assets." On March 7, local time, the U.S. held its first White House Digital Asset Summit, where President Trump delivered a brief speech. He stated, "Last year, I promised to make America a global Bitcoin superpower and the world's crypto capital. We are taking historic action to fulfill that promise," and suggested, "From today onward, the U.S. will adhere to the rules that every Bitcoin holder knows well—never sell your Bitcoin."