On Wednesday (December 18), when Bitcoin fell back to $103,900, Hedera Token (HBAR) soared more than 7%, delivering a brilliant report card. Oracle board member Shayan Salehi revealed that according to sources close to the transition team of US President-elect Donald Trump, Trump is considering establishing a US strategic cryptocurrency reserve in addition to Bitcoin, including Ripple (XRP) and HBAR tokens.
“Breaking news, according to sources close to the Trump transition team, President Trump is considering establishing a strategic national reserve of U.S. cryptocurrencies (such as XRP and HBAR) in addition to Bitcoin,” Shayan wrote.
He continued: “Trump reportedly believes that these are ‘American goods’ and must be supported by the US government in order to make the United States the ‘crypto capital’ of the world.”
“The news follows news that Hedera and Ripple will be involved in digitizing the US government’s election and banking infrastructure. A few days ago, Trump’s son Eric confirmed that his father is planning to eliminate taxation on cryptocurrencies in the United States.”
“Trump wants the US to dominate the crypto industry and essentially create an S&P 500-style 10-year bull cycle,” Shayan wrote in conclusion.
He quoted Canary Funds CEO Steven Mcclug's views on Fox Business below, in which he mentioned XRP and HBAR tokens.
After the news came out, HBAR decoupled from Bitcoin and rebounded, and experienced a surge of more than 7%.
It is worth noting that Shayan previously wrote on Twitter: “Breaking news, President Trump wants to cancel all capital gains taxes on cryptocurrencies issued by US companies, which will eventually make all profits earned by Americans holding crypto assets such as ADA, ALGO, XRP and HBAR completely tax-free because their creators are US companies.”
He went on to state: “Sources said the legislation would require companies to register as entities in the country before issuing crypto assets, but there would be a path for existing crypto businesses in the market to move to the U.S. This strategy is part of the Trump administration’s broader goal of making the U.S. the crypto capital of the world.”
“Source: Trump transition team member - This would actually make ‘Made in America’ cryptocurrencies the most logical investment for US citizens, as they wouldn’t have to pay up to 37% tax on their gains, which could completely reshape the crypto market.”
Bloomberg analysts Eric Balchunas and James Seyffart predict that Litecoin (LTC) and HBAR token ETFs may be listed before Solana (SOL) and XRP. Companies such as Bitwise, Franklin Templeton and Hashdex are leading these applications, and the current size of the US Bitcoin ETF has exceeded the Bitcoin holdings of "Father of Bitcoin" Satoshi Nakamoto.
Although LTC and HBAR tokens have a more relaxed regulatory path, their success still depends on investor interest. 2025 will reveal whether the market is ready to accept these funds or if other cryptocurrencies will take the spotlight.
Unlike the LTC and HBAR token ETF applications, SOL and XRP face significant regulatory hurdles. The SEC has classified XRP as a security in its ongoing litigation against Ripple. In addition, the SEC’s unclear stance on Solana and similar tokens has also exacerbated these challenges.
The Bloomberg team noted that these challenges could delay approval until the new SEC takes over. While cryptocurrency supporters remain optimistic about the prospects of an XRP ETF, analysts are less confident about its chances of success in the short term given the complexity of its legal status.
For this reason, after the news that Trump will adopt a strategic reserve of cryptocurrencies including HBAR and XRP was released, XRP did not soar like HBAR, but followed Bitcoin's decline and was reported at US$2.51.
