Home Altcoins News US Strategic Reserve to Support US-Based Coins Like XRP

US Strategic Reserve to Support US-Based Coins Like XRP

XRP

The crypto community was abuzz with excitement as President Donald Trump signed a pro-crypto executive order that promises to reshape the future of digital assets in the United States. This move aligns with Trump’s ambition to make the U.S. the “Crypto Capital” of the world, a campaign promise that is now gaining traction.

The executive order establishes a Presidential Working Group tasked with creating a federal regulatory framework for digital assets. Chaired by White House Crypto Czar David Sacks, this group will include high-ranking officials from federal agencies, who will be given 30 days to identify regulations impacting digital assets, followed by 60 days to make recommendations. The group is expected to submit a comprehensive proposal to the president within 180 days, which will include public hearings and expert consultations.

Key Points of Trump’s Crypto Executive Order

The core objective of the executive order is to foster innovation in digital assets and blockchain technologies while ensuring that the growth of this space is responsible and protects individual freedoms. Specifically, the order seeks to encourage the development and use of blockchain technology and digital assets, ensuring legal access and the ability for individuals to self-custody their assets. It also advocates for the promotion of U.S. dollar-backed stablecoins and safeguards access to banking services for crypto companies.

A particularly interesting aspect of the executive order is the potential creation of a national “digital asset stockpile.” This would include crypto assets that the U.S. government lawfully seizes through law enforcement actions. Currently, the government holds approximately 200,000 BTC from law enforcement seizures, which would likely be part of the national reserve.

XRP and Other US-Based Coins in the Spotlight

One of the most compelling elements of the executive order is its emphasis on U.S.-based cryptocurrencies, such as XRP, Solana, USDC, and Cardano. Reports suggest that Trump is open to the idea of including these domestic cryptocurrencies in the national reserve. This move is designed to support American blockchain projects and prioritize assets that have been developed within the U.S. over those created abroad.

Ripple CEO Brad Garlinghouse has been vocal in supporting this initiative. Garlinghouse has had discussions with Trump, likely pushing for the inclusion of XRP and other U.S.-based crypto assets in the reserve. In a post on social media platform X, Garlinghouse highlighted Trump’s campaign focus on supporting American companies and technologies. He noted that Ripple’s lobbying efforts in the White House could play a key role in ensuring that a strategic crypto reserve, which may include Bitcoin, becomes a reality.

Ripple’s increasing influence in Washington is an indication that U.S. regulators are becoming more receptive to the idea of incorporating domestic cryptocurrencies into the national reserve. David Sacks, the White House Crypto Czar, confirmed in a FOX interview that the working group is considering a stockpile of “digital assets,” although it has not yet specified which assets will be included.

The Future of US-Based Digital Assets

This executive order marks a pivotal moment for the U.S. crypto industry, as it suggests a future where domestic digital assets like XRP, Solana, and USDC receive government backing. The establishment of a strategic crypto reserve could serve as a powerful tool to bolster the U.S. economy and solidify the country’s position as a global leader in blockchain technology.

If the U.S. government follows through with this proposal, it could open the doors for significant growth in the adoption of digital assets, particularly those developed within the U.S. The inclusion of XRP in a national reserve could further enhance Ripple’s standing in the global financial ecosystem, while also encouraging other American crypto projects to thrive. The future of U.S. crypto assets is looking brighter than ever, and the possibility of a national stockpile of digital assets could be the catalyst that accelerates their widespread adoption.

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Evie

Evie is a blogger by choice. She loves to discover the world around her. She likes to share her discoveries, experiences and express herself through her blogs.

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