Cryptocurrency prices jumped after Trump’s surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund.

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.

Bitcoin and other cryptocurrencies have shot up in value after Donald Trump said he wanted to make them an official part of governent policy. It comes after a dismal slump for crypto following the US election,