Cryptocurrencies surged Sunday after Donald Trump announced a U.S. strategic crypto reserve, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).

Trump framed the move stating, “I will make sure the U.S. is the Crypto Capital of the World.”

Following the news, XRP spiked 33%, SOL jumped 25%, ADA soared 60%, BTC rose 10% to $94,343, and ETH gained 13%. What is interesting to note, is that the annoucnement happened on a Sunday where traditional markets are closed. This move was a win for retail traders.

This marks Trump’s first distinction between a “reserve,” implying ongoing crypto purchases, and a “stockpile,” which simply holds assets. His upcoming White House Crypto Summit is expected to provide further policy insights.

While some in the crypto community support a BTC-only reserve, others worry government involvement could undermine decentralization or be reversed by future administrations.