The move quickly attracted a lot of attention from the crypto community, coinciding with the inauguration of Donald Trump as the first pro-crypto US president. With the backing of what is considered the most crypto-friendly Congress in US history, the move reflects growing optimism about the country’s crypto market, along with Trump’s plans to make the US a leading power in the field.
A key part of this plan is the rumor that Trump intends to eliminate taxes on US-developed crypto assets. This has brought tokens like XRP to increasingly strong attention from the community.
Pro-Crypto Policies and XRP’s Position
Shawn Sully (@oroogle), a prominent crypto expert, believes that these potential tax exemptions could be game-changers. One commentator agreed, sharing: “Tax exemptions for US coins could be a game-changer. This would suck a huge amount of liquidity from other sectors and create an unprecedented crypto boom.”
The community has responded positively to these developments. One post highlighted the important role of US-made crypto assets, especially XRP: “American made is the only way! Look who’s number 1.” XRP’s recognition as a leading token further cements its role in shaping the future of the domestic crypto industry.
XRP’s position in this category is further cemented by its inclusion alongside Solana, which will serve as the foundation for Trump’s proposed US crypto reserve plan. By leveraging these assets, the administration aims to spur economic innovation while ensuring liquidity flows to US-developed projects.
