In today’s Crypto News:
A groundbreaking development is unfolding as Trump’s Bitcoin (BTC) law is set to be presented to Congress. The bill, introduced by Representative Byron Donalds, aims to establish a national Bitcoin reserve and stockpile coins, ensuring that President Trump’s executive order cannot be overturned by future administrations.
In other news, a top analyst predicts that BlackRock will file for an XRP ETF once the SEC lawsuit concludes. The SEC is reportedly considering classifying XRP as a commodity during settlement talks with Ripple. Ethereum’s regulatory treatment serves as a key comparison point in this legal battle. Additionally, there is speculation that BlackRock will also file for a Solana (SOL) ETF.
I firmly believe that the SEC will drop the lawsuit, and if BlackRock moves forward with the XRP ETF, it will send XRP soaring. While some enthusiasts speculate XRP could reach $10,000 soon, I believe that milestone is still years away.
Furthermore, an address linked to the World Liberty Foundation (WLF), a company associated with Trump and his sons, recently purchased 541,242 SEI coins worth $100,000. Although World Liberty experienced lackluster sales, they saw an increase in token sales following Trump’s victory, amassing $300 million in proprietary token sales. However, investors face restrictions, preventing them from reselling the tokens or claiming profits.
A White House official revealed to a gathering of crypto industry leaders that the Trump administration is eager to acquire as much Bitcoin as possible. The official stated that there should be no limit to the size of the U.S. government’s strategic Bitcoin reserve.
Thank you for reading,
Crypto King
