{"id":8185,"date":"2025-01-17T07:33:13","date_gmt":"2025-01-17T07:33:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8185"},"modified":"2025-01-17T07:33:13","modified_gmt":"2025-01-17T07:33:13","slug":"trump-plans-to-designate-crypto-as-a-national-priority-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8185","title":{"rendered":"Trump Plans to Designate Crypto as a National Priority: Report"},"content":{"rendered":"<div>\n<p>Donald Trump is planning to release an executive order elevating crypto as a \u201cnational imperative or priority,\u201d reported Bloomberg, citing people familiar with the plans on Jan. 17.<\/p>\n<p>The order, which may come shortly after his Jan. 20 inauguration or <a href=\"https:\/\/cryptopotato.com\/will-trump-make-a-pro-crypto-move-on-day-1-community-awaits\/\" data-wpel-link=\"internal\">even on day one<\/a>, is intended to guide government agencies to work with the crypto industry, according to the report.<\/p>\n<p>It is also expected to involve the creation of a \u201ccrypto advisory council\u201d to advocate for the industry\u2019s policy priorities.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Trump plans to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration <a href=\"https:\/\/t.co\/egBFjchxsO\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/egBFjchxsO<\/a><\/p>\n<p>\u2014 Bloomberg Crypto (@crypto) <a href=\"https:\/\/twitter.com\/crypto\/status\/1880024374373208346?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Crypto Priorities For Trump<\/h2>\n<p>The order could also direct agencies to review digital asset policies and pause crypto-related litigation, the sources said.<\/p>\n<blockquote>\n<p>\u201cStopping legal actions that have targeted a range of companies from Binance, the world\u2019s biggest crypto exchange, to startup Ripple Labs, is a top priority for the industry,\u201d they added.<\/p>\n<\/blockquote>\n<p>Ripple\u2019s native token, XRP, has already reacted to the possibility of its four-year battle with the SEC ending by surging <a href=\"https:\/\/cryptopotato.com\/ripple-missed-new-ath-by-just-1-can-xrp-break-through-today\/\" data-wpel-link=\"internal\">close to its all-time high<\/a> in late trading on Thursday.<\/p>\n<p>The creation of a national Bitcoin strategic reserve encompassing the government\u2019s existing BTC holdings is also under consideration, according to Bloomberg\u2019s anonymous sources.<\/p>\n<p>The US government held more than 213,000 BTC as of August 2024, currently worth around $21.5 billion, <a href=\"https:\/\/www.coingecko.com\/research\/publications\/government-bitcoin-holdings\" data-wpel-link=\"external\" target=\"_blank\">according<\/a> to CoinGecko. There was a <a href=\"https:\/\/cryptopotato.com\/us-govt-cleared-to-liquidate-6-5b-in-btc-from-silk-road-but-dont-panic\/\" data-wpel-link=\"internal\">scare earlier this month<\/a> that a portion of it from Silk Road seizures would be sold off, but this turned out to be more FUD.<\/p>\n<p><a href=\"https:\/\/nypost.com\/2025\/01\/16\/business\/new-trump-ends-crypto-communitys-government-harassment\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">According<\/a> to the New York Post, a more controversial concept of an \u201cAmerica-first strategic reserve\u201d would \u201cprioritize digital coins founded in the US, like Solana, USD Coin, and Ripple\u2019s XRP.\u201d<\/p>\n<p>Meanwhile, the New York Times <a href=\"https:\/\/www.nytimes.com\/2025\/01\/16\/technology\/trump-bitcoin-stockpile.html\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">reported<\/a> that Ripple CEO Brad Garlinghouse encouraged Trump to include other crypto assets beyond BTC in its potential strategic reserve.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">NYT: Trump is considering \u201ca government program to buy and hold billions of dollars in Bitcoin.\u201d On Day 1.<\/p>\n<p>Let that sink in. <a href=\"https:\/\/t.co\/8h3yAM4Ox7\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/8h3yAM4Ox7<\/a><\/p>\n<p>\u2014 Julian Fahrer (@Julian__Fahrer) <a href=\"https:\/\/twitter.com\/Julian__Fahrer\/status\/1879972147344638364?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Not So Fast \u2026<\/h2>\n<p>However, the executive order, which could come as soon as Jan. 20 when Trump is sworn in, is not final and could change before it is made public, said the Bloomberg sources.<\/p>\n<blockquote>\n<p>\u201cWhat I think Donald Trump is going to do is signal that the United States is back and we are ready to lead in this industry,\u201d said Kara Calvert, vice president for US policy at Coinbase, before adding, \u201cWhat it\u2019s signaling to other countries is be careful, or you won\u2019t keep up.\u201d<\/p>\n<\/blockquote>\n<p>Crypto markets reacted positively to the sentiment, with total capitalization gaining\u00a0 1% to reach $3.72 billion, with Bitcoin and\u00a0<a href=\"https:\/\/cryptopotato.com\/xrp-nears-ath-levels-just-17-away-amid-whale-accumulation-and-sec-resistance\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">XRP<\/a> firmly in the driving seat.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/trump-plans-to-designate-crypto-as-a-national-priority-report\/\" rel=\"nofollow\">Trump Plans to Designate Crypto as a National Priority: Report<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump is planning to release an executive order elevating crypto as a \u201cnational imperative or priority,\u201d reported Bloomberg, citing people familiar with the plans on Jan. 17. The order, which may come shortly after his Jan. 20 inauguration or even on day one, is intended to guide government agencies to work with the crypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8185","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8185"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8185\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}