Rumor: Donald Trump’s Son Is Buying XRP

Brett (@Brett_Crypto_X), a well-known crypto influencer on X, posted a video featuring a conversation between Morgan Creek Capital CEO Mark Yusko and investor Scott Melker. In the clip, Yusko suggested that Donald Trump’s son is buying digital assets, including Bitcoin, XRP, and Hedera.

Yusko’s comments implied that while former President Trump may not be directly involved, his family is actively investing in the space. This aligns with Trump’s interest in the crypto space.

Potential Benefits for the Crypto Space

Melker noted that the coins acquired might soon be approved for ETFs. The SEC has received multiple ETF applications for these digital assets and acknowledged many.

Yusko’s mention of these specific tokens was notable, as it aligns with rumors that the administration may be positioning itself favorably toward U.S.-based crypto assets in policy and practice.

The regulator’s recent actions also show a significant shift from the anti-crypto stance fostered by former SEC Chair Gary Gensler. Trump recently hosted a crypto summit in the White House, and the SEC has dropped many crypto-related lawsuits, including the long-running legal battle with Ripple.

The end of the Ripple lawsuit has increased the chances of an XRP ETF, and the potential interest from Donald Trump’s son in XRP and other cryptocurrencies is a promising sign.

Capital Gains Tax Exemption Rumors

Yusko also referenced potential tax policy changes. Although no official plan has been released, Yusko suggests that the Trump administration wants to exempt American-based cryptocurrencies from capital gains tax.

Such a move would significantly alter the investment landscape for crypto holders in the U.S. by removing tax liability on the sale of qualifying digital assets. Rumors about such exemptions began circulating during Trump’s 2024 campaign, during which he embraced crypto more openly than in previous years.

That openness included accepting crypto donations and aligning more closely with digital asset advocates, and he launched his cryptocurrency shortly before his administration in January. Although unconfirmed, the investment activity attributed to Trump’s son suggests a deeper interest from the Trump family in the crypto space, and this interest could benefit assets like XRP.

XRP, currently the largest American-based cryptocurrency, is well-positioned to benefit the most from this and similar pro-crypto policies. The digital asset dominates the U.S. market and could be a major focus for the Trump administration’s crypto-friendly regulation.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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