Trump is the names of 5 encrypted currencies for the national reserve, and the price transmission Encryption

US President says Bitcoin, Ethereum, XRP, Solana and Cardano will be included in the “Crypto Strategic Reserve”.

US President Donald Trump appointed five encrypted currencies for the luxury of his proposed digital assets, which led to high prices of distinctive symbols.

Trump said on the truth platform on Sunday, that Bitcoin, Ethereum, XRP, Solana, and Cardano will be included in a “strategic coding reserve.”

Trump, who signed in January, said an executive order to study the creation of “Strategic National Digital Assets”, this step will “raise” the industry years after the “corrupt attacks” by the administration of former US President Joe Biden.

“I will make sure that the United States is the world of encryption in the world. We are making America great again!” The American president said on the social media platform.

Cardano jumped more than 70 percent after Trump’s announcement, while XRP and Solaa rose by more than 35 percent and 20 percent, respectively.

Bitcoin and ETHEREUM, which is the largest encrypted currency depending on the market value and has not been named in Trump’s initial Truth Social function, has gained more than 20 percent.

It is still unclear how Trump’s proposed reserves will work in practice.

The hope of the US President’s CEO, referring to the “stock” digital assets for some encryption fans, who interpreted the term that it means that Washington will only stick to the assets that already have already buys encryption instead of “reserve”.

After Bitcoin A described a “fraud” during his first administration, Trump embraced the encryption industry during his campaign to re -election, and pledged to turn the United States into “the planet’s encryption capital.”

Since Trump’s inauguration, his administration has moved to the decline in the organizational oppression that the Biden administration started.

The Securities and Stock Exchange Committee announced last week that it had dropped the civil charges of Coinbase, the largest exchange of encryption in the United States, after stopping or giving up litigation against Binance, Opensea, Robinhood and UISWAP.

On Friday, the White House encryption summit will host that Trump, whose family has achieved billions of dollars in the wealth of encryption by launching their symbols, hosts the first White House encryption summit on Friday.