Trump Considers U.S. Crypto Reserves, Ending De-Banking Policy—NY Post Reports

Jan 16, 2025, 12:01 PM

President-elect Donald Trump is reportedly receptive to establishing an America-first strategic reserve that would prioritize U.S.-founded digital currencies such as Solana (SOL), USD Coin (USDC), and Ripple (XRP), according to the New York Post. The proposed initiative aims to bolster U.S. strategic interests by supporting domestically developed cryptocurrencies. In addition to the strategic reserve, Trump is reportedly considering signing executive orders to support the crypto industry, including establishing a Bitcoin reserve, ending the 'de-banking' policy, and nominating several 'pro-crypto' officials to key positions. Following these reports, the price of Solana surged by 15%.