Recent developments indicate that President-elect Donald Trump is considering integrating cryptocurrencies like XRP, Solana (SOL), and USD Coin (USDC) into the United States’ strategic reserves. This initiative aims to establish an “America First” crypto reserve, prioritizing digital assets developed by U.S.-based projects.
Following these reports, both XRP and Solana have seen notable price surges. XRP is currently trading at $3.30, marking a 7% increase in the past day and nearly 45% over the past week. Similarly, Solana is trading at $214.16, reflecting a 5% rise in the last 24 hours and over 14% in the past seven days. These gains occurred while the overall crypto market remained relatively stable.
Meetings with Crypto Industry Leaders
In preparation for his inauguration on January 20, President-elect Trump has engaged with key figures in the cryptocurrency sector. Notably, he met with Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty to discuss the potential inclusion of XRP in the national strategic reserve. Additionally, Trump has consulted with the founders of Solana and USDC, indicating a broad interest in integrating various U.S.-based digital assets into national financial strategies.
Anticipated Pro-Crypto Policies
The incoming administration is expected to implement executive orders favoring the cryptocurrency industry. These may include reversing previous regulatory policies and establishing a strategic reserve that emphasizes U.S.-developed cryptocurrencies. Such actions could foster a more supportive environment for digital assets within the United States.
These developments have generated optimism within the crypto community, as the potential policy shifts under President-elect Trump could significantly influence the adoption and integration of digital assets in the U.S. financial system.
