The vision of a crypto strategic reserve in the United States is on track, and digital assets like XRP, USDC, Cardano, and Solana are set to benefit.
Yesterday, the crypto community was abuzz as President Donald Trump signed a pro-crypto executive order. This move aligns with his campaign promise to make America the “Crypto Capital” of the world.
Notably, the order establishes a Presidential Working Group to develop a federal regulatory framework for digital assets. The group, chaired by White House Crypto Czar David Sacks, will include top federal agency heads.
Agencies have 30 days to identify regulations impacting digital assets, with recommendations due in 60 days. The Working Group will submit a comprehensive legislative and regulatory proposal to the president within 180 days, including public hearings and expert consultations.
Key Points of Trump’s Crypto Executive Order
Notably, the executive order aims to foster innovation in digital assets and blockchain technology while protecting economic freedom. Specifically, the administration seeks to promote responsible growth in digital assets, blockchain, and related technologies.
It would ensure legal access, development, and use, including safeguarding individual rights to engage in blockchain activities and the self-custody of assets.
Importantly, the order also seeks to promote U.S. dollar-backed stablecoins and protect access to banking services. Additionally, it calls for technology-neutral regulations, clear jurisdictional boundaries, and frameworks that support a digital economy.
Meanwhile, one of the most important highlights is that the working group will assess the possibility of creating and maintaining a national “digital asset stockpile.”
The order specifies that this reserve could include crypto assets lawfully seized by the federal government through law enforcement actions.
This move solidifies Bitcoin’s position in the proposed national reserve, as the U.S. government currently holds around 200,000 BTC from law enforcement seizures. The order also suggests the potential inclusion of other cryptocurrencies beyond Bitcoin.
The Place for US-based Coins like XRP
Now, in an interesting development, a January 16 report indicated that Trump is open to establishing a national reserve focused on cryptocurrencies like XRP, Solana, and USDC, given their U.S.-based origins.
This initiative aims to support domestic blockchain projects by prioritizing assets developed within the country over those based offshore.
NEW: 🇺🇸 America-First Strategic Reserve Would Prioritize Digital Coins Founded In The US – $XRP , $SOL & $USDC! pic.twitter.com/CtjCuMczxs
— Good Morning Crypto (@AbsGMCrypto) January 23, 2025
Trump’s Focus is on Supporting American Firms: Ripple CEO
Amid these developments, Ripple CEO Brad Garlinghouse has expressed support for the idea of a U.S. crypto reserve that includes Bitcoin and other cryptocurrencies for diversification purposes. Garlinghouse has met with Trump, likely to push forward this proposal.
Interestingly, in a conversation on X, Garlinghouse reminded the crypto community of Trump’s campaign focus on supporting American companies and technologies.
Specifically, crypto projects of American origin include assets like XRP, Cardano, and the USDC stablecoin.
Furthermore, Garlinghouse noted that Ripple’s lobbying efforts in the White House are increasing the likelihood of a strategic crypto reserve, which could include Bitcoin, becoming a reality.
In an interview with FOX, Crypto Czar David Sacks confirmed that the working group is considering a national stockpile of “digital assets” without specifically naming Bitcoin. He clarified that the team would study this further.
