President-elect Donald Trump is reportedly considering a U.S. crypto reserve. According to The New York Post, Trump is reportedly “receptive” to establishing a strategic reserve that prioritizes U.S.-founded cryptocurrencies like USD Coin (USDC-USD), Solana (SOL-USD), and XRP (XRP-USD)—potentially sidelining Bitcoin.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Ripple Meeting Fuels Speculation on Crypto Strategy
Rumors gained momentum following Trump’s recent dinner with Ripple executives Brad Garlinghouse and Stuart Alderoty. Garlinghouse called the meeting a “strong start to 2025,” fueling speculation about a broader reserve strategy. This comes after Trump’s pledge at the Bitcoin 2024 conference to create a strategic national Bitcoin reserve. However, the latest reports suggest his administration might consider a more diversified approach.
Critics Question Inclusion of Altcoins
Not everyone is thrilled. Critics within the crypto community have pushed back, with some calling the idea of prioritizing altcoins “disappointing” and others questioning its credibility. According to Cointelegraph, Kashif Raza, CEO of Bitinning, warned that altcoins’ volatility could lead to significant risks, advising a Bitcoin-first approach.
While the concept of a national crypto reserve stirs debate, one thing is clear: Trump’s pro-crypto stance, including his nomination of Paul Atkins as SEC chair, shows that things are about to change for the crypto world.
Investors can track their favorite cryptocurrencies on TipRanks. Click on the image below to find out more.