- The Trump administration is reportedly considering expanding strategic reserves beyond Bitcoin to include other cryptocurrencies like Solana, USD Coin and XRP.
- A high-profile Crypto Ball organised by David Sacks in Washington DC has sold out with tickets ranging from $2,500 to $1 million, featuring dinner with Trump and major industry leaders.
- Republican SEC commissioners Peirce and Uyeda are preparing to reshape the agency’s approach to crypto regulation following Gary Gensler’s expected departure.
- The crypto industry anticipates a significant policy shift under Trump’s leadership, with Frank Chaparro noting America is “back in business for crypto founders”.
According to a report in the New York Post, the narrative about a strategic Bitcoin reserve could well be expanding past the OG crypto. The report cites unnamed sources who say that the Trump administration is potentially considering prioritising other crypto assets such as Solana, USD Coin and XRP, in a so-called “America-first strategic reserve”.
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The sources told the Post that this could “delegitimise” efforts to establish and promote Bitcoin.
Meanwhile, other sources apparently are suggesting that any current problems or disagreements within the crypto space are less significant in light of the expected upcoming “crypto golden age”.
Early Bitcoin investor Frank Chaparro said the Trump presidency has already changed course for the crypto sector and that the US is back in business:
It’s a radical shift — America is so back in business for crypto founders.
Frank ChaparroCrypto Dinner with Trump for $1 Million, Anyone?
This Friday, Trump’s AI and Crypto Czar, David Sacks, is throwing a bit of a party with the first-ever Crypto Ball in the US capital city of Washington DC, just ahead of Trump’s inauguration on January 20.
In case you are in the area and would like to go, sadly, the event is sold out despite a hefty price tag, with tickets ranging from USD 2,500 to 1 million for the black-tie event.
The event includes an exclusive dinner with Trump and representatives from Coinbase, Solana, Kraken, Galaxy Digital, MicroStrategy and more.
SEC Overhaul Likely Post Trump Inauguration
Meanwhile, leadership changes at the US Securities and Exchange Commission (SEC) are nearing with Gary Gensler’s departure. Republican SEC commissioners Hester Peirce and Mark Uyeda are said to be getting ready to help pivot the agency from its “regulation by enforcement approach” under Gensler.
As Reuters reports, the two commissioners are contemplating how to clarify rules for the industry including what the SEC considers a security. There’s also talk about some current and pending cases being reviewed, Ripple would hope they’re talking about their case.
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Paul Atkins, the pro-crypto pick for the SEC chair, is widely believed to be poised to end the “war” on crypto.
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