Donald Trump Eyes Strategic Reserve for Coins Like Solana, XRP

With a flurry of pro-crypto policies expected nether the caller administration, the US President-elect has wasted nary clip making bully connected his committedness to wholly overhaul the industry’s regularisation successful the country. Now, helium whitethorn beryllium looking to instrumentality things a measurement further. Indeed, Donald Trump is reportedly unfastened to creating an America-first strategical reserve for cryptocurrencies similar Solana (SOL) and XRP, according to a study from the New York Post.

The incoming inauguration of President Trump is acceptable to extremity what was 4 years of challenges for the cryptocurrency market. Under the Biden Administration, the US Securities and Exchange Commission (SEC) had regulated done enforcement. Now, the marketplace is anxiously awaiting the monumental displacement Trump should bring about.

JUST IN: President-elect Donald Trump is unfastened to creating an America-first strategical reserve that prioritizes cryptocurrencies specified arsenic Solana $SOL and $XRP.

Also Read: Donald Trump’s SEC to Revamp Crypto Policy & May Pause Enforcement

Trump Considers Creating America-First Reserve for Cryptocurrencies Founded successful The US

In conscionable 4 days, the incoming US President-elect volition beryllium inaugurated. Indeed, Donald Trump will beryllium acceptable to service his 2nd nonconsecutive word arsenic the United States commandant successful chief. This time, helium brings with him a position that could mean wide liberation for an often regulatoryly oppressed integer plus sector.

There has already been a flurry of discussions regarding what Trump could walk during the aboriginal days of his presidency. Now, determination are reports helium is considering 1 thought that would surely nonstop shockwaves passim the industry. Specifically, Donald Trump is unfastened to creating a strategical reserve for US-based cryptocurrencies similar Solana (SOL) and XRP.

Source: AP Photo/Evan Vucci

Also Read: Donald Trump to Issue Executive Crypto Policy Orders connected First Day successful Office

The New York Post reports that the thought is “causing controversy” but has the President-elect’s attention. The study describes the thought arsenic “an America-first strategical reserve that would prioritize integer coins founded successful the US, similar Solana, USD Coin, and Ripple.”

“In caller weeks, Trump has met with founders of these sounds and, sources said, is receptive to the idea.” However, sources enactment that each progressive inactive privation to prioritize Bitcoin. Therefore, the conception is facing concerns regarding the imaginable delegitimization of BTC. There person agelong been talks of Trump establishing a Bitcoin reserve and perchance passing US Senator Cynthai Lummis’ Bitcoin Act, introduced past year.