Trump receptive to include US-based coins in ‘America-first’ crypto reserve: NYP
2025-01-16
Category: None

The next few days and weeks will be a whirlwind as the Trump administration returns to Washington, D.C., with plans to issue crypto-related executive orders.
One idea is particularly controversial. According to the New York Post, citing familiar sources, President-elect Donald Trump is reportedly considering establishing an “America-first” strategic reserve that prioritizes coins founded in the U.S., such as USDC, SOL and XRP.
The report said Trump has met with the founders of these assets in recent weeks and is receptive to the idea. However, according to insiders who spoke on the condition of anonymity, this could also delegitimize efforts to promote bitcoin. Creating a bitcoin-focused strategic stockpile was among the President-elect’s key crypto-related campaign pledges.
However, such industry disagreement will take a back seat to what sources told the NYP will become a “crypto golden age.”
Trump’s promises also included dismissing Securities and Exchange Commission Chair Gary Gensler, commuting Silk Road founder Ross Ulbricht's life sentence, establishing a Crypto Presidential Advisory Council, repealing SAB 121, ending “Operation Choke Point 2.0” and turning the U.S. into a bitcoin mining “powerhouse.” Gensler subsequently announced his departure from the SEC.
“The entire market is relieved … we have a seismic shift in the approach and tone of the government and regulatory agencies,” The Block’s Director of Special Projects Frank Chaparro said, reflecting on the incoming administration. “What this means practically is, banks will be able to touch crypto — for the last four years they’ve been told they can’t.”
Trump also appointed investor David Sacks as the United States’ inaugural AI and Crypto Czar, with a Crypto Ball planned on Friday ahead of Trump’s inauguration on Jan. 20, in another sign of how far Washington’s perception of the industry is about to change. Tickets for the black-tie event range from $2,500 to $1 million, with sponsors including Coinbase, Solana, MicroStrategy, Kraken and Galaxy Digital.
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