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Trump names bitcoin, ether, XRP, solana and cardano for strategic reserve

Bitcoin and ether rise more than 10% on the news

Trump has moved quickly to back crypto industry policy priorities

WEST PALM BEACH, Florida, March 2 (Reuters) - U.S. President Donald Trump on social media announced the names of five digital assets he expects to include in a new U.S. strategic reserve of cryptocurrencies on Sunday, spiking the market value of each.

Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies including bitcoin , ether , XRP , solana and cardano . The names had not previously been announced.