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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Pay Attention to Donald Trump's First Day in Office! "He Could Take a Big Step for Bitcoin and Cryptocurrencies!"
The U.S. court allows the government to sell 69,370 Bitcoin passed from the Silk Road, while the cryptocurrency sector is pressing President-elect Donald Trump's team to start reorganizing cryptocurrency policy next month when he takes office.
According to Reuters, the cryptocurrency industry is lobbying for an executive order from Donald Trump to establish a US Bitcoin Reserve within 100 days of taking office, provide access to banking services for the industry and create a cryptocurrency advisory committee.
Two people familiar with the matter told Reuters that efforts were made to issue executive orders on cryptocurrency within the first 100 days after Trump took office, and at least one of them was expected to be issued on January 20.
Rebecca Rettig, Chief Legal and Policy Officer of Polygon Labs, speaking to Reuters, said, "Given the direction of the campaign, it will be necessary for executive orders to truly demonstrate what the real priorities will be from day one and to provide some kind of roadmap."
Brian Hughes, spokesperson for Trump's transition team, said that Trump is committed to his cryptocurrency promises, stating:
“Despite the bureaucratic swamp in Washington, there are still efforts to prevent innovation. However, President Trump will fulfill his promise to promote American leadership in crypto.”
The leading cryptocurrency Bitcoin, after reaching a new record above $108,000 in December following the repetition of a strategic Bitcoin reserve plan announced for the first time in Trump's speech in July, has since fallen below $100,000.