Crypto Prices Surge After Trump Endorses Five Coins for ‘Crypto Reserve’
US President Donald Trump has named five cryptocurrencies—Bitcoin, Ethereum, XRP, Solana, and Cardano—that he wants included in a new strategic reserve aimed at positioning the US as "the Crypto Capital of the World."
Following his announcement, the market prices of these coins saw an immediate surge.
Trump has actively courted the crypto community throughout his campaign, contrasting with his predecessor, Joe Biden, whose administration took a stricter stance on crypto due to concerns over fraud and money laundering.
Details on how the proposed crypto reserve will function remain unclear, but further insights are expected on Friday when Trump hosts the first-ever Crypto Summit at the White House.