US President-elect Donald Trump met with the founders of Circle, Solana and Ripple Labs and praised the idea of creating a strategic reserve based on their crypto assets. This is reported by New York Post with reference to their sources.
This reserve, according to sources, will be focused on crypto assets issued in the United States. Trump reacted favorably to the idea. It is assumed that the reserve will be called America-first (“America First”).
The publication’s interlocutors, who wished to remain anonymous, also expressed fears that this could undermine “the legitimacy of efforts to promote Bitcoin,” as well as affect the ratings of the head of state.
Let us remember that the creation of a national reserve in the first cryptocurrency was one of Trump’s central promises during his campaign. Other statements by the politician include the dismissal of the chairman of the US Securities and Exchange Commission, Gary Gensler, and the pardon of the founder of the Silk Road marketplace, Ross Ulbricht.
The NYP article states that Trump’s rise to power has already had a positive impact on the crypto landscape in the United States. The publication noted that some startups are considering the possibility of returning to this market or expanding their activities into it.
Earlier it became known that such plans were being hatched by the blockchain team of The Open Network (TON).
He told NYP that Midas is considering a U.S. launch in 2025 amid what he said are positive regulatory developments.
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Source: Cryptocurrency
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