- Trump’s team plans U.S.-focused crypto reserves, considering XRP, Solana, and USDC to boost national crypto innovation.
- The crypto sector anticipates pro-crypto executive orders, including repealing SAB 121 to enable banks to work with crypto firms.
- Ripple lawsuit settlement and new SEC leadership under Paul Atkins may pave the way for regulatory clarity and a spot XRP ETF.
Donald Trump’s transition team is reportedly working on a proposal to establish U.S.-based cryptocurrencies as part of an “America-first” strategic reserve. Cryptocurrencies such as XRP, Solana, and USDC are among the options being considered.
Consequently, this move aligns with broader plans to overhaul crypto regulations and strengthen the nation’s position in the blockchain space. Sources close to the matter revealed that Trump’s team aims to prioritize domestically founded cryptocurrencies. Besides bolstering national interests, this could foster innovation within the country.
Industry leaders, including Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, recently met with Trump to discuss potential collaborations. These engagements highlight the administration’s openness to exploring crypto opportunities.
Bitcoin’s Role in the Strategic Reserve Plan
Additionally, although the inclusion of alternative coins is under consideration, Bitcoin remains central to discussions. Several stakeholders within the crypto industry urge Trump to focus on creating a strategic Bitcoin reserve. They believe Bitcoin, as the world’s largest cryptocurrency, would enhance the nation’s financial credibility.
However, debates persist over whether incorporating alternative cryptocurrencies might dilute efforts to legitimize Bitcoin. Despite these concerns, insiders remain optimistic about the administration’s crypto-focused initiatives. They view these plans as steps toward what some are calling a “crypto golden age.”
Pro-Crypto Policies Expected Under New SEC Leadership
Moreover, the crypto industry anticipates a major regulatory shift as Trump’s administration prepares to take charge. Reports suggest that pro-crypto executive orders could be among his first actions as president. These orders may include repealing the controversial SAB 121 accounting rule, which has hindered U.S. banks from working with crypto firms.
Additionally, the industry is hopeful for a settlement in the Ripple lawsuit, paving the way for a spot XRP ETF. The anticipated changes, coupled with new SEC leadership under Paul Atkins, could significantly benefit the crypto market. Financial analysts believe these measures will provide clarity and stability, enabling banks to engage more freely with cryptocurrencies.