Donald Trump reportedly is considering adding cryptos like XRP, Solana, and USDC to America’s strategic reserves. Certainly a bold move, which is in line with his team’s chatter of creating a Bitcoin reserve to back up the U.S. economy.
With the inauguration on January 20, the crypto world is abuzz with speculation about what pro-crypto executive orders Trump will issue. According to the New York Post, his team intends to junk anachronistic rules such as the contentious SAB 121 accounting policy and may focus on an “America-first” reserve of U.S.-based cryptos.
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Rumor has it Trump recently hosted Ripple CEO Brad Garlinghouse and other big-name crypto leaders at Mar-a-Lago to hash out these ideas. Some Bitcoin purists, though, are worried that focusing on altcoins like XRP and Solana might sideline BTC. Still, many see this as the start of a “crypto golden age.”
The vibes are strong for 2025, with hopes of resolving the Ripple lawsuit, green-lighting an XRP ETF, and giving U.S. banks the green light to work with crypto firms. Frank Chaparro, a crypto OG, said, “This is huge. Banks have been sitting on the sidelines for years. Now they can finally dive in.”
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To kick things off, Crypto Czar David Sacks is throwing a “Crypto Ball” in D.C. during inauguration weekend. Get ready for a whole new era of crypto hype!