Self-proclaimed ‘crypto president’ Donald Trump made big promises to the crypto community. He built a strong alliance with crypto investors, taking millions in campaign donations and vowing to make the US the “crypto capital of the planet.

Donald Trump was able to reverse the first slump in digital assets since he took office with some new promises about a US strategic reserve of cryptocurrencies.

While it’s not known exactly what form such a strategic reserve would take, nor whether the government would seek to buy crypto for the stockpile with taxpayer dollars — a move that would theoretically require approval from Congress — blockchain enthusiasts cheered the news.