President Donald Trump announced Sunday that five digital assets will be part of a newly proposed U.S. Crypto Strategic Reserve, causing a sharp spike in their market values.
In a post on social media, Trump said his January executive order on digital assets will lead to the formation of a national cryptocurrency reserve, including Bitcoin (BTC). The full list of included assets had not been revealed until now.
The selected cryptocurrencies saw gains ranging from 8% to 62% following the announcement.
According to CNN, Trump’s post revealed the initial three assets: XRP, Solana (SOL), and Cardano (ADA), stating, “I will make sure the U.S. is the Crypto Capital of the World.”
Roughly an hour later, he added a follow-up message: “And, obviously, BTC and ETH, as other valuable cryptocurrencies, will be at the heart of the Reserve.”
At the time of writing, Bitcoin had climbed 8% to $90,828, while Ethereum (ETH) was up 8.3% at $2,409.
Trump, who received strong backing from the crypto industry during his 2024 campaign, has quickly taken steps to align with their policy goals. This marks a stark contrast from the approach of former President Joe Biden, whose administration heavily regulated the crypto sector, citing concerns over fraud and money laundering.
Despite Trump’s pro-crypto stance, recent weeks have seen sharp declines in digital asset prices, erasing many of the gains that followed his election victory. Market analysts suggest the sector needs renewed catalysts — such as Federal Reserve rate cuts or a clear regulatory framework from the Trump administration — to sustain a rebound.
Adding to the momentum, Trump is scheduled to host the first White House Crypto Summit this Friday. Meanwhile, members of his family have reportedly launched their own digital tokens.
The logistics behind the crypto reserve remain unclear. Legal and financial experts are debating whether the initiative would require Congressional approval, or if it could be implemented through the U.S. Treasury’s Exchange Stabilization Fund, which allows the government to buy or sell foreign currencies.
Sources close to the administration also suggest the reserve may initially include digital assets seized during law enforcement operations.
