Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies.

The rift over the president’s proposed grab-bag of tokens signals a rocky political road ahead for one of the administration’s most audacious tech proposals. Underlying the issue: His administration has yet to articulate how it intends to reconcile the president’s “America First” agenda with crypto networks that are intended to be decentralized and borderless by design.

Prices for bitcoin and the like have soared after Donald Trump set out plans for a U.S. cryptocurrency reserve. He said in a social media post that the stockpile would include bitcoin and ether, as well as smaller tokens XRP,

U.S. President Donald Trump has named five cryptocurrencies he wants to be part of a new strategic reserve - in other words, crypto holdings owned by the U.S. government.

A backlash over President Donald Trump’s plan to include three small and relatively risky tokens in an eagerly awaited U.S. strategic crypto reserve helped largely erase a rally for bitcoin and other digital assets on Monday.