Trump Administration Considers US Cryptocurrency Strategic Reserve 🇺🇸
The Trump administration is reportedly considering the creation of an 'America-first strategic reserve' that would include cryptocurrencies such as Solana, USDC, and XRP. This strategic move comes at a time when the Bitcoin price hovers around $100,000 and the total crypto market approaches $4 trillion.
Circle has contributed $1 million in USDC to Trump's inaugural committee, highlighting increasing ties between traditional and digital finance arenas. Meanwhile, XRP has seen a remarkable increase of 500% since Trump's election victory.
The SEC is preparing for a cryptocurrency policy overhaul, with decisions related to Solana ETF expected soon. This signals a significant shift in the U.S. approach to cryptocurrency regulation.
Source: blockonomi.com ↗
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