- American brokerage firm Interactive Brokers Group Inc. lists Solana, Cardano, XRP, and Dogecoin on its platform.
- Trump aims to make the U.S. the “crypto capital,” appointing Elon Musk to lead the new Department of Government Efficiency.
- Ripple drops SEC lawsuit, XRP climbs to $2.34, while BTC nears its cycle high at $87,057 amid a bullish crypto market.
American multinational brokerage firm Interactive Brokers Group Inc. is set to list four digital assets on its platform: Solana (SOL), Cardano (ADA), XRP (XRP), and Dogecoin (DOGE). President Trump announced these tokens as part of the “Crypto Reserve” tokens earlier this month.
Interactive Brokers Expands Crypto Offerings
According to a recent Bloomberg report, users can now trade SOL, ADA, XRP, and DOGE on the platform alongside its current offerings of other digital assets. This move is part of the Connecticut-based company’s goal to expand its asset class offerings which include bonds, stocks, options, currencies, and futures.
A few weeks ago, Trump announced on his Truth Social account that XRP, Solana, and Cardano should be included in a US crypto reserve. The president later signed an executive order establishing a Bitcoin reserve and a digital-asset stockpile of other crypto assets. However, the three assets were not mentioned in this decree.
Interactive Brokers who own Zero Hash LLC accounts can now access Cardano, Dogecoin, Ripple, and Solana. Meanwhile, Paxos Trust Co account holders are restricted to just Solana at present. Steve Sanders, executive vice president of Marketing and Product Development at Interactive Brokers, expressed optimism about the recent development.
He highlighted the potential of the improved asset offering, saying:
Adding these new tokens gives our clients even more flexibility to diversify their portfolios and take advantage of opportunities across digital assets.
Trump Pushes to Make U.S. ‘Crypto Capital’
Trump’s pro-crypto administration has vowed to make the U.S. the “crypto capital of the world,” stressing the need to create leverage digital assets for economic and technological growth. Shortly after his inauguration, the president hosted the first-ever White House crypto summit, indicating a commitment to advancing the growth of digital assets.
He appointed Tesla CEO Elon Musk to lead the recently established Department of Government Efficiency (DOGE). The Tesla Billionaire has been linked with the DOGE memecoin in the past.
Crypto Market Update: BTC Nears High, SOL & ADA Rally, Ripple Settles with SEC
At the time of writing, Bitcoin (BTC) is trading at $87,057 after a modest 2.61% rally over the past week. Per CoinCodex data, BTC is positioned above the 200-day SMA and trades near its cycle high.
Solana has also rallied in the past week, climbing 7.20% to trade at $138. It has witnessed 17 green days trading days, signaling consistent market performance. However, SOL’s price is southbound on its yearly chart and is stationed below the 200-day SMA.
Meanwhile, Ripple’s prolonged legal battle with the SEC is set to end after the company dropped its lawsuit against the agency. The decision, which is pending court approval, follows the SEC’s agreement to drop charges against the crypto firm.
In another recent report, the company has partnered with an African Fintech firm, Chipper Cash, to facilitate cross-border payments using Ripple Payments. In the past month, XRP’s price trend has been northbound as it trades at $2.34 following a 7.68% climb. ADA is also trading within the green zone, rallying 14.13% over the past 30 days to $0.7359.
