Donald Trump’s Transition Team Considers Including XRP, Solana, and USDC in Strategic Reserves
Key Highlights:
- Strategic Reserves Proposal: Donald Trump’s transition team is exploring the inclusion of U.S.-based cryptocurrencies such as XRP, Solana, and the USDC stablecoin in America’s strategic reserves, alongside plans for a Bitcoin reserve.
- Pro-Crypto Stance: Reports indicate that Trump’s administration is preparing pro-crypto executive orders, potentially including the repeal of the controversial crypto accounting policy, SAB 121.
- Engagement with Crypto Leaders: Trump has reportedly met with key cryptocurrency leaders, including Ripple CEO Brad Garlinghouse, showing openness to their proposals.
Concerns Over Bitcoin’s Role:
- Insiders have raised concerns that Trump’s focus on alternative coins might overshadow Bitcoin, the world’s largest cryptocurrency. Many in the crypto industry hope Trump prioritizes Bitcoin by announcing a strategic reserve for it by Q1 2025.
Regulatory Expectations:
- Trump’s presidency is expected to bring significant changes to the crypto industry, with a potential regulatory overhaul under new SEC leadership. Industry leaders anticipate that these changes will enable U.S. banks to collaborate with crypto firms and pave the way for innovations such as a spot XRP ETF.
Inauguration Celebrations and Future Outlook:
- The crypto community is eagerly watching for Trump’s first set of executive orders, expected on January 20. Celebrations include the inaugural Crypto Ball hosted by AI and Crypto Czar David Sacks, signaling what some believe could be the beginning of a “crypto golden age” under Trump’s administration.
This strategic shift reflects growing optimism within the crypto sector, despite ongoing debates about prioritizing Bitcoin versus alternative digital assets.
