Cryptocurrencies in Trump's Strategy: XRP, Solana, and USDC May Become Part of Reserves

user avatar

by Giorgi Kostiuk

2 years ago

Donald Trump considers including cryptocurrencies in the US strategic reserves, potentially leading to significant changes in the crypto industry.

Strategic Reserve Plan

Trump's team is discussing the creation of a strategic reserve that includes cryptocurrencies like XRP, Solana, and USDC. The program aims to support U.S.-based digital assets. Trump has already met with Ripple CEO Brad Garlinghouse and other crypto industry leaders to discuss these ideas.

Impact on the Industry

Some in the crypto community are concerned that focusing on alternative coins could shift attention away from Bitcoin. However, many see Trump's plans as a potential start of a 'crypto golden age' due to expected pro-crypto executive orders and regulatory changes.

The entire market is relieved... we have a seismic shift in the approach and tone of the government and regulatory agencies. What this means practically is, banks will be able to touch crypto — for the last four years they’ve been told they can’t.Frank Chaparro

Future Changes and Events

Trump is expected to repeal the controversial SAB 121 accounting rule on his first day in office, allowing U.S. banks to collaborate more closely with crypto companies. There is also the potential settlement of the Ripple lawsuit, paving the way for a spot XRP ETF. The first-ever Crypto Ball event will be held in Washington, D.C., celebrating these anticipated changes.

Donald Trump's plans could significantly impact the cryptocurrency market, opening new opportunities for both traditional financial institutions and crypto companies. The new regulations are expected to positively affect the industry.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Futures Traders Abandon Crypto for Stablecoin Margin

chest

Bitcoin futures traders have largely abandoned using Bitcoin as collateral for their positions, opting for stablecoin-backed positions to avoid risks associated with price drops.

user avatarFilippo Romano

Gold Prices Surge to Three-Month High

chest

Gold prices surged to a three-month high, reaching $4,696.18 an ounce, driven by a weaker dollar and falling Treasury yields.

user avatarEmily Carter

BNB Smart Chain Set to Activate Pasteur Hard Fork

chest

BNB Smart Chain is set to activate its Pasteur hard fork on August 25, introducing significant network changes.

user avatarKaterina Papadopoulou

TAC Halts Block Production Due to Supply Exploit

chest

TAC, a Cosmos-based EVM sidechain connected to the TON ecosystem, has halted block production after a supply-related exploit.

user avatarTomas Novak

The Need for Reliable Data in Real Estate Tokenization

chest

The need for reliable pricing data in real estate tokenization is crucial due to the unique challenges it faces compared to liquid crypto assets.

user avatarMaya Lundqvist

TON Foundation to Permanently Shut Down Legacy Bridge on September 1

chest

The TON Foundation has confirmed the permanent shutdown of its legacy bridge on September 1, requiring users to transition their wrapped TON and related assets back to native forms.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.