Donald Trump has announced plans to transform the United States into a 'Bitcoin superpower,' aligning with Senator Cynthia Lummis's revived proposal for a strategic Bitcoin reserve aimed at managing national debt. This move signals a potential shift in U.S. cryptocurrency policy under Trump's influence.
In parallel developments, Franklin Templeton, Bitwise, and Canary Capital are reportedly preparing to launch a spot XRP ETF by mid-November, marking a significant step in the adoption of cryptocurrency investment products. Additionally, MicroStrategy has filed for euro-denominated stock transactions to facilitate Bitcoin purchases, indicating continued institutional interest in the cryptocurrency market.
Other notable events include Zcash's dramatic 1270% surge amid a privacy coin rally, Elon Musk's announcement of the DOGE-1 mission, FTX's retraction of a controversial repayment rule, and Ripple's partnership with Mastercard to introduce RLUSD stablecoin payment services.
Trump Vows to Make U.S. a Bitcoin Superpower; XRP ETFs Expected Soon
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