More nations may move towards regulating and creating a strategic cryptocurrency reserve after US President Donald Trump vowed to make his country the cryptocurrency capital of the world and announced developing a strategic cryptocurrency reserve in US, experts say.
“By formally recognising Bitcoin, Ethereum, XRP, Solana and Cardano, the US government is taking a strategic step toward integrating cryptocurrencies into its broader financial and economic framework,” said Rachel Conlan, Global Chief Marketing Officer, Binance.
This move, Conlan says, is likely to influence global regulatory approaches, encouraging other nations to explore similar initiatives and brining in a more structured environment for institutional participation.
Paras Malhotra – SVP – Trade, Custody and Business Operations at CoinDCX,says the series of announcements by Trump, starting with the creation of a strategic crypto reserve, followed by the scheduled hosting of the first-ever White House Crypto Summit, has ‘truly energised the industry’.
“The market’s reaction has been remarkable — ADA surged past $1, XRP reached $3, and Bitcoin crossed $92,000. In just 24 hours, nearly $315 million in Bitcoin shorts were liquidated, and over $330 billion flowed into the crypto markets,” he said.
Volatile movements
While industry executives are upbeat around the developments in the US on cryptocurrency adoption, the prices of major cryptocurrencies have seen volatile movements. As at 18:08 IST, Bitcoin’s price is down 10 per cent at $83,497, while Ethereum was down 11 per cent at $2,091.
Malhotra from CoinDCX says, institutional investors, particularly firms like BlackRock, have played a central role in sell-off, offloading significant amount of Bitcoin and Ethereum. The sell-off is being further compounded by macroeconomic factors, with the tariff war between the US and China intensifying, he said. User sentiment was also hit after major global crypto exchange Bybits saw a $1.4 billion hack, often touted as the biggest robbery in history.
India needs to move fast
According to Ashish Singhal, co-founder at CoinSwitch, with creation of a strategic crypto reserve, we could be on the brink of a global crypto accumulation race — one that could push regulatory clarity forward and accelerate Web3 innovation.
Singhal says with its deep pool of tech talent, entrepreneurial spirit, and thriving start-up ecosystem, India has everything it takes to lead the next wave of blockchain-driven transformation.
“But to do so, we must act now — embracing progressive policies, fostering innovation, and positioning ourselves as a hub for decentralisation,” he said.
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