3-3-2025 – The cryptocurrency landscape has begun to show promising signs of recovery in early March, offering a welcome respite following February’s devastating downturn—the most severe since 2022. This revival coincides with renewed political backing, as the Trump administration continues to signal strong support for digital assets.
At the heart of this burgeoning optimism stands President Trump’s reiterated commitment to establishing a Strategic Crypto Reserve. This bold initiative would incorporate major cryptocurrencies including Bitcoin, Ethereum, Solana, XRP and Cardano, forming part of his broader vision to transform the United States into the globe’s foremost cryptocurrency hub.
“The administration’s crypto agenda is gathering remarkable momentum,” notes Simon Gerovich, Metaplanet’s Chief Executive. He suggests that should Trump’s plans materialise, they could catalyse similar adoptions across Asia, particularly in Japan, potentially accelerating worldwide cryptocurrency acceptance.
Market participants have responded enthusiastically to these developments, with assets such as XRP and ADA experiencing notable upswings. Industry observers remain keenly focused on the 7 March White House Crypto Summit, where the administration is anticipated to unveil its comprehensive strategy for the sector.
Amidst this political realignment towards cryptocurrency, newly appointed officials are taking measures to avoid potential controversies. David Sacks, recently named as Trump’s AI and Crypto Czar, has moved decisively to address concerns regarding possible conflicts of interest. Following online speculation about his connections to Bitwise—a firm specialising in crypto-focused exchange-traded funds—Sacks confirmed via X that he had divested all his cryptocurrency holdings prior to assuming his official role.
The founder of Craft Ventures, which maintains investments in various crypto startups including Bitwise, is currently undergoing a thorough ethics review. According to the Financial Times, Sacks is expected to provide additional information regarding his financial connections to the cryptocurrency industry, demonstrating his commitment to transparency as he embarks on shaping the nation’s crypto regulatory framework.
Though cryptocurrency markets remain in negative territory overall, the recent political developments have injected fresh optimism that March might herald a significant turnaround for major digital assets, putting February’s substantial losses firmly behind them.
