As President-elect Donald Trump prepares to return to the White House, his administration is reportedly considering a plan to establish an “America-first” strategic reserve prioritizing U.S.-founded cryptocurrencies like USDC, Solana (SOL), and XRP, according to the New York Post.
Sources familiar with the discussions claim Trump has met with the founders of these assets and is open to the idea.
However, the proposal has raised concerns among insiders who believe it could undermine efforts to promote Bitcoin (BTC), a core part of Trump’s crypto campaign pledges.
A Shift in U.S. Crypto Policy
The report comes as Trump prepares to deliver on his campaign promises, which include:
- Dismissing SEC Chair Gary Gensler: Gensler has announced his resignation, signaling a potential shift in the agency’s regulatory stance.
- Commuting Ross Ulbricht’s Life Sentence: The Silk Road founder could see his sentence reduced as part of broader criminal justice reforms.
- Creating a Crypto Presidential Advisory Council: This body would advise on policies to enhance U.S. leadership in blockchain technology.
- Ending “Operation Choke Point 2.0”: Aimed at easing financial institutions’ engagement with the crypto industry.
- Positioning the U.S. as a Bitcoin Mining Leader: Establishing policies to turn the country into a mining “powerhouse.”
Solana Ecosystem Tokens Rally on Optimism
The market has already responded positively to the incoming administration, particularly in the Solana ecosystem, which saw significant price gains in the past 24 hours:
- KMNO: Up 25%, now priced at $0.126.
- WIF: Up 19.28%, now priced at $1.813.
- IO: Up 17.33%, now priced at $3.35.
- JTO: Up 17.11%, now priced at $2.793.
- RAY: Up 13.99%, now priced at $5.824.
This rally reflects renewed optimism among investors as they anticipate a more favorable regulatory environment under Trump’s leadership.
The next few weeks are expected to bring rapid developments in U.S. crypto policy, with Trump’s administration signaling what insiders have called a “crypto golden age.”