Crypto Prices Rise as Trump Endorses Five Coins For ‘Crypto Reserve.’

US President Donald Trump has declared his support for five major cryptocurrencies, signaling a bold move to position the United States as the “Crypto Capital of the World.”

In a social media post made yesterday, Trump revealed that a new Crypto Strategic Reserve will include XRP, Solana (SOL), and Cardano (ADA)—before later confirming that Bitcoin (BTC) and Ethereum (ETH) would also be at the heart of the reserve.

The impact on the market was swift. The first three coins named—XRP, SOL, and ADA—surged by up to 62% following the announcement, while Bitcoin and Ethereum saw gains of more than 10% each.

President Trump has signed an order directing a Presidential Working Group to move forward with the initiative. The order also calls for the evaluation of the use of cryptocurrencies seized by the government through law enforcement efforts.