HOT DEVELOPMENT: According to Sources, Donald Trump Could Consider De Reserving with Altcoins! There are Rumors about Solana and XRP!

The cryptocurrency community is welcoming the dramatic change in US policy with the inauguration of Donald Trump, signaling the end of what industry leaders have long described as years of 'regulatory pressure' under the Biden administration.

Among the first signs of the management's crypto-friendly stance are the appointment of David Sacks as the AI and cryptocurrency chief and the appointment of Paul Atkins, a long-time advocate of financial innovation, as the nominee for SEC Chairman. Insiders say that these moves, along with promised executive orders, could usher in a new era for the industry.

One of the most anticipated changes is the reversal of debanking policies that have made it difficult for banks to work with crypto companies. Under the Biden administration, regulators like the FDIC have discouraged financial institutions from serving cryptocurrency customers, citing reputational risks. This effort, dubbed 'Operation Chokepoint 2.0' by crypto investor Nic Carter, has hindered the growth of the sector and alienated new ventures.

According to the New York Post, while the crypto community largely supports Trump's executive orders, one proposal stands out: the creation of a strategic reserve prioritizing American-established digital currencies such as Solana (SOL), USD Coin (USDC), and Ripple (XRP). It is reported that Trump has met with the founders of these coins and is open to this idea, but some experts are concerned that this could overshadow Bitcoin, which continues to be the preferred asset for many in the industry.

A source warned that prioritizing US-origin coins could weaken Bitcoin's position as the global reserve digital currency.