Official announcements or documentation from the U.S. government

Trump to Designate Crypto as National Priority, Eyes US-Focused Reserve Including Solana, XRP, and Bitcoin

Jan 16, 2025, 10:47 PM

President-elect Donald Trump is planning to designate cryptocurrency as a national priority through an upcoming executive order, according to reports from Bloomberg and other sources. The order, expected to be issued upon his inauguration on January 20, aims to elevate cryptocurrency to a national policy imperative and foster greater collaboration between the government and the crypto industry by giving industry insiders a voice within his administration. The proposed measures include creating a crypto advisory council to guide policy decisions, potentially establishing a strategic reserve of cryptocurrencies founded in the United States—such as Solana (SOL), USD Coin (USDC), and Ripple (XRP)—and considering a national Bitcoin stockpile. The incoming administration also seeks to halt ongoing federal litigation against crypto firms. Trump's Vice President-elect, JD Vance, reportedly holds over $500,000 in Bitcoin, indicating a supportive stance towards digital assets at the highest levels of the incoming administration. The move signifies a significant shift in U.S. policy towards digital assets, with the Trump administration prioritizing the development of a national strategy for cryptocurrencies.