Rumors are swirling that President-elect Trump is considering a US-centric cryptocurrency reserve, potentially including XRP and Solana. This news has sent both cryptocurrencies’ prices skyrocketing.
A Boost for US-Based Cryptos
The New York Post reported that Trump is open to the idea of a national crypto reserve featuring Solana (SOL), XRP, and the stablecoin USDC. All three are linked to US-based blockchain projects. This fueled speculation and a significant price increase for SOL and XRP.
Trump’s Crypto Connections
Adding fuel to the fire, Trump recently met with Ripple executives Brad Garlinghouse and Stuart Alderoty. The Post also claims he met with the founders of Solana and USDC. Circle, the company behind USDC, even donated $1 million in USDC to Trump’s inaugural committee.
Price Surge
As a result of this news, XRP is up a significant 7% in the last 24 hours and almost 45% over the past week, trading at $3.30. Solana (SOL) also saw impressive gains, rising over 5% in the last day and more than 14% in the past week, currently priced at $214.16. These gains stand out against a relatively flat overall crypto market.
Disclaimer: This information is for general knowledge only and is not financial advice. Investing in cryptocurrencies is risky, and you could lose money. Always do your own research before making any investment decisions.
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