crypto.news
2025-01-16 13:40:47

Trump open to adding XRP, Solana to U.S. crypto reserve: report

President-elect Donald Trump is reportedly considering an “America-first” crypto reserve strategy that prioritizes digital assets founded in the U.S., according to the New York Post. Coins such as Solana ( SOL ), USD Coin ( USDC ), and Ripple ( XRP ) are being discussed as potential inclusions. Trump has recently met with the founders of these projects and is said to be receptive to the idea, sources close to the matter revealed to the NYP. He reportedly aims to focus U.S.-based cryptocurrencies in his proposed “America-first” crypto reserve strategy. You might also like: VanEck seeks SEC approval for Onchain Economy ETF Less eyes on Bitcoin? However, the proposal has raised concerns within the cryptocurrency community, particularly among Bitcoin advocates. Critics argue that emphasizing U.S.-based coins could detract from efforts to establish Bitcoin ( BTC ) as the primary digital asset in the U.S. crypto landscape—a promise Trump highlighted during his campaign. Despite these concerns, industry insiders remain optimistic about the broader impact of Trump’s pro-crypto agenda. The incoming administration has already announced plans to issue executive orders to deregulate the sector, establish a Crypto Presidential Advisory Council, repeal restrictive policies such as SAB 121, and position the U.S. as a global hub for Bitcoin mining. Trump appointed investor David Sacks as the nation’s first AI and Crypto Czar. A celebratory Crypto Ball is set for Jan. 19, with sponsors including Coinbase , Solana, and Kraken. You might also like: South Korea’s regulator issues suspension warning to Upbit over 700,000 KYC violations

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