The Daily: Trump ‘receptive’ to an ‘America-first’ crypto reserve, XRP hits new all-time high and more
2025-01-17
Category: None

Happy Thursday! Didn't get invited to Trump's Crypto Ball on Friday? Me neither—but who needs a black-tie event when The Block has all the latest to keep you in the loop?
In today's newsletter, Trump is apparently receptive to the idea of a U.S.-based coins crypto reserve, XRP hits a new all-time high after seven years, why a Litecoin ETF is "most likely" to be approved next and more.
Meanwhile, South Korea's financial regulator has reportedly ordered Upbit to suspend operations as a penalty for alleged anti-money laundering violations.
Let's get started.
Trump 'receptive' to an 'America-first' crypto reserve
President-elect Donald Trump is open to creating an "America-first" crypto reserve prioritizing U.S.-based coins like USDC, SOL and XRP, the New York Post reported, citing sources familiar with the matter. 
XRP hits new all-time high
XRP hit a new all-time high of around $3.39 via major crypto exchanges on Thursday for the first time since January 2018, following a 16% surge in 24 hours and a 455% rise over the past quarter.
Litecoin ETF 'most likely' approved next
A Litecoin ETF is the "most likely" next spot crypto ETF to be approved in the U.S., according to Bloomberg analyst Eric Balchunas.
SEC says district court ruling got it wrong in Ripple case
In a brief filed late Wednesday, the SEC said it disagreed with an earlier district court ruling that some XRP sales to retail investors did not violate securities laws.
Bitcoin-backed loans return to Coinbase via DeFi protocol Morpho
Coinbase has relaunched bitcoin-backed loans of up to $100,000 in USDC via the DeFi protocol Morpho, operating on its Ethereum Layer 2 network Base.
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