Solana (SOL) and XRP both outperformed the overall crypto market on Thursday amid a report that President-elect Donald Trump is considering establishing an “America First” strategic crypto reserve.
The New York Post, citing unnamed sources, reports that Trump is “receptive” to the idea of a national strategic reserve with Solana, XRP and the USDC stablecoin.
All three assets were developed in association with blockchain projects headquartered in the United States.
Trump met last week with Ripple Chief Executive Officer Brad Garlinghouse and Chief Legal Officer Stuart Alderoty.
The New York Post reports that the president-elect also met with the “founders” of Solana and USDC.
Circle, the company that issues USDC, contributed $1 million worth of stablecoin to Trump’s inaugural committee earlier this month.
XRP is trading at $3.30 at the time of writing. The third-ranked crypto asset by market capitalization rose 7% over the past day and almost 45% over the past week.
SOL is trading at $214.16 at the time of writing. The 6th ranked crypto asset by market capitalization is above 5% over the last 24 hours and above 14% over the last seven days.
Gains for both assets materialized on Thursday as the overall crypto market cap moved sideways, according to CoinGecko.
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