Trump and his son are heavily investing in Bitcoin, HBAR, and XRP, with ETFs potentially approved next year.
Talks are underway to exempt U.S.-based cryptocurrencies from capital gains tax, aiming to boost adoption and innovation.
Trump plans to remove SEC Chair Gary Gensler, signaling potential regulatory shifts toward crypto-friendly policies.
Donald Trump and his son are making substantial investments in cryptocurrencies, particularly Bitcoin, HBAR, and XRP. Mark Yusko, CEO of Morgan Creek Capital Management, revealed this in a recent interview with Scott Melker. The move aligns with growing political and economic interest in digital assets.
Notably, industry insiders are watching closely as these investments coincide with talks about potential regulatory reforms, including the approval of cryptocurrency-based exchange-traded funds (ETFs) as early as next year.
https://twitter.com/MackAttackXRP/status/1870024048484188252 Regulatory Changes Could Reshape Crypto's Market
In addition, one of the most significant developments involves discussions about exempting the U.S.-based cryptocurrencies from capital gains tax. If implemented, this could encourage broader adoption of digital assets.
Moreover, Trump’s investments reflect a strategic alignment with these potential shifts, highlighting the growing influence of cryptocurrency on policy-making. The prospect of a Bitcoin Strategic Reserve, as proposed by Trump, underscores this changing dynamic.
Additionally, Trump has indicated plans to remove current Securities and Exchange Commission (SEC) Chairman Gary Gensler, who has faced criticism from the crypto community. Yusko noted that this move could pave the way for more crypto-friendly policies, fostering innovation and growth in the industry.
XRP and Cardano Draw Criticism Despite High Valuations
However, despite their market dominance, Yusko voiced concerns about XRP and Cardano, questioning their innovation and practical development. He contrasted these projects with Circle’s stablecoin, which he sees as a more viable asset due to its backing by actual dollars. While XRP and HBAR’s potential ETF approval could boost their market positions, skepticism remains regarding their long-term utility.
Intriguingly, the crypto landscape is becoming increasingly dynamic, with key players advocating for policies that reflect the sector’s evolving priorities. Trump’s emphasis on fostering a supportive environment for U.S.-based cryptocurrencies aligns with a broader trend of governments reassessing their approach to digital assets.
Tech Leaders and the Future of Crypto Policy
Further, Yusko emphasized the influence of technologist billionaires who are reshaping the industry. These leaders prioritize innovation over partisan politics, reflecting a shift in how economic power influences policy.
Consequently, Trump’s alignment with such individuals indicates a strategic approach to advancing the U.S. position in the global tech landscape. His interactions with global leaders and his focus on leveraging expert insights signal a new phase of economic strategy driven by digital advancements.
The post Mark Yusko Alleges Trump Is Buying XRP, BTC, and HBAR Amid Speculation of New ETF Approvals appeared first on Crypto News Land.
