On January 24, 2025, President Donald Trump signed an executive order to form a Presidential Working Group on Digital Asset Markets, led by venture capitalist David Sacks. The group's primary role is to advise on policies related to digital assets and cryptocurrencies.
Creation of the Digital Asset Reserve
The order emphasizes the need for a strategic national digital assets reserve, without specifying which cryptocurrencies this reserve might include. This leaves open the possibility of including XRP.
XRP's Potential Role in the Reserve
Within the cryptocurrency community, there are debates about whether XRP should be included as part of the U.S. crypto reserve alongside Bitcoin. Attention to XRP has been drawn due to its American origin and legal status. Crypto analyst Scott Melker reported from reliable sources about the possibilities of XRP being included.
Bitcoin and XRP Price Action
Following the news of the crypto reserve directive, both Bitcoin and XRP have shown a bullish trend. Bitcoin's price has reached $105,255, rising by 3.31%. Its market capitalization reached $2.08 trillion with trading volume of $98.22 billion. XRP's price also surged to $3.18, an increase of 2.51%.
The formation of the working group and the discussion of a digital asset reserve underline the importance of cryptocurrencies to the U.S. national economy. Debates around XRP's inclusion highlight ongoing interest in various crypto assets.
