Donald Trump is open to including cryptocurrencies like XRP, Solana, and USDC in America’s strategic reserves. This idea builds on his team’s ongoing discussions about creating a strategic Bitcoin reserve.
With Trump set to assume office on January 20, the crypto industry is watching closely for his first set of executive orders, which are expected to favour cryptocurrencies.
The New York Post’s report reveals that Trump’s team plans to issue pro-crypto executive orders, including reserving the controversial SAB 21 crypto accounting policy.
One main proposal is the creation of an “Amrica-first” strategic reserve, prioritizing U.S.-based cryptocurrencies like XRP, Solana, and USC. Recently, Trump met with Ripple CEO Brad Gralinghouse and other crypto leaders at Mar-a-Lago to discuss these ideas.
However, some in the crypto community worry this focus on alternative coins could shift attention away from Bitcoin. Many want Trump to prioritize Bitcoin and establish a strategic Bitcoin reserve by early 2025. Despite differences, the industry sees Trump’s plans as a potential start to a “crypto golden age.”
The crypto industry is optimistic that President-elect Donald Trump will issue pro-crypto executive orders on his first day in office, January 20. Expectations are also high for significant regulatory changes under the new SEC leadership, likely headed by Paul Atkins.
A major focus is the potential settlement of the Ripple lawsuit, which could clear the way for a spot XRP ETF. Trump is also expected to repeal the controversial SAB 121 accounting rule, enabling U.S. banks to collaborate more closely with crypto companies.
Frank Chaparro, an early Bitcoin investor and financial analyst, said, “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.”
AI and Crypto Czar David Sacks will host the first-ever Crypto Ball in Washington, D.C., to kick off the inauguration weekend. The event celebrates the anticipated changes in the crypto landscape under Trump’s leadership.
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