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Trump Backs U.S. Crypto: XRP, Solana, and USDC for National Reserve
President-elect Donald Trump is reportedly considering incorporating U.S.-founded digital assets such as XRP, Solana, and USDC into a national crypto reserve, according to the New York Post.
Key Developments
Trump has met with the founders of these projects, signaling his support for an "America-first" crypto strategy aimed at boosting U.S. blockchain innovation.
Bitcoin sidelined? Concerns are growing that this emphasis on domestic digital assets may overshadow Bitcoin, despite Trump’s earlier campaign promises to prioritize it.
Planned Crypto Initiatives by the Administration
1. Repealing restrictive crypto regulations to foster growth and innovation.
2. Establishing a Crypto Advisory Council to provide strategic guidance.
#XRP Breaks New High
3. Strengthening the U.S. role in Bitcoin mining, enhancing its global influence.
#BTC Back Above $100K
Impact on Web3 and U.S. Dominance
This initiative could represent a bold move to secure U.S. leadership in the Web3 space and blockchain technology.
What’s your take on this strategy?
Disclaimer: This post is for informational purposes only and does not constitute investment advice. Conduct thorough research before making any financial decisions.