Trump Promises to "Elevate" the Crypto Industry by Establishing a National Digital Assets Reserve

Trump said the digital assets reserve should "elevate this critical industry after years of corrupt attacks by the Biden administration."

U.S. President Donald Trump has announced the creation of a national digital assets reserve, which will reportedly include Bitcoin (BTC) and Ethereum (ETH).

What Happened: Trump took to X, formerly Twitter, to make the announcement. He said the reserve will "elevate this critical industry after years of corrupt attacks by the Biden administration."

Later in the day, the president clarified that the crypto reserve will include "valuable" digital assets, and they will be "the heart" of the reserve.

"I also love Bitcoin and Ethereum!" he wrote, sending crypto prices to a wild high.

As of late Sunday, the crypto market is up some 9% following his announcement.

Trump's first post about the national crypto reserve was very specific on which digital assets will be included:

Following what appeared to be clamor from Bitcoiners and Ethereum holders, Trump later clarified that BTC and ETH will also be included in the reserve, as well as other top cryptocurrencies by market cap, but he has yet to identify which assets these are.

"I will make sure the U.S. is the crypto capital of the world. We are making America great again!" he wrote.

Bitcoin, the world's top crypto by market cap, surged a massive 10% Sunday night. For crypto assets with market capitalization beyond a billion, such a spike is significant, especially considering how BTC suffered some of the biggest losses during the past week's market dip.

Ethereum outperformed Bitcoin, surging by 14.4% in the day, and XRP outperformed its Top 3 peers, climbing by 34.3% in the last 24 hours, as per CoinGecko data.

BNB was also up, albeit by only 3%. Solana (SOL) was among the major gainers in the Top 10, jumping by 26.4%, but Cardano (ADA) made the largest pump, at 68.5%.

Crypto users on X are on fire, with many who didn't sell their assets during the market downturn celebrating the milestone through memes.

Solana, XRP and ADA holders after Trump included them in the Crypto Strategic Reserve pic.twitter.com/ixclrUucp6

CRYPTO RIGHT NOW pic.twitter.com/IljrlVdHkP

Crypto holders right now that bought the dip instead of selling it pic.twitter.com/NE1BOVS37b

Others are looking forward to further details about which other assets will be considered for the reserve, while some Bitcoiners still insist a national crypto reserve should only hold Bitcoin, being the "OG" digital asset and the unchallenged leader in market value.