President Trump Considering US Digital Currencies for National Crypto Reserve
President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple’s XRP and Solana in his proposed national crypto reserve, according to insider sources cited by the New York Post.
Alignment with Campaign Pledge
This potential move aligns with Trump’s campaign pledge to establish a Bitcoin reserve alongside other crypto-focused policies aimed at strengthening the US digital economy.
Broader Approach
Reports suggest that Trump may prioritize assets with American origins, not just Bitcoin. Meetings between Trump and leaders from Ripple and other crypto projects have fueled speculation about this shift in focus.
According to the report, including digital assets like XRP, USDC, and Solana would demonstrate Trump’s commitment to promoting US innovation and align with his “America-first” approach.
However, some insiders caution that expanding the reserve to include multiple assets might weaken Bitcoin’s position as the dominant digital currency in US policy.
Industry Reaction
The possibility of prioritizing US digital currencies has sparked debate within the crypto community. Advocates view this as a win for American blockchain projects, while others remain skeptical.
David Bailey, CEO of Bitcoin Magazine, dismissed the reports as unsubstantiated, while Alexander Grieve from Paradigm urged the public to treat such claims with skepticism unless confirmed by Trump or his administration.
Ultimately, the decision to include US-developed digital currencies in the national crypto reserve will have significant implications for the digital economy and the future of cryptocurrency in the US.