Cryptocurrency prices jumped after Trump’s surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund.

President Donald Trump is throwing his support behind the creation of a federal reserve of cryptocurrency assets — he initially highlighted XRP, Solana,

In a post on his Truth Social, the president told followers he would create a basket of digital assets similar to the strategic petroleum reserve, which Trump saID would include crypto leaders Solana, Cardano, Bitcoin, and Ethereum. Typically, such reserves are used in times of crisis or supply chain disruptions.