Crypto
What the White House’s Crypto Strategy Means for Payments Innovation | PYMNTS.com

In a move to position the United States at the forefront of the digital asset landscape, President Donald Trump’s administration plans to create a U.S. cryptocurrency reserve.
The strategy, revealed Sunday (March 2), goes further than previous campaign promises around a “stockpile” of crypto seized by law enforcement. A crypto reserve implies that the U.S. government will buy and hold cryptocurrencies with American tax dollars.
It’s not just any cryptocurrencies, however. Trump outlined the five tokens the U.S. is eyeing, which are poised to be confirmed at a White House crypto summit Friday (March 7). They include bitcoin, Ethereum, the XRP token from Ripple Labs, the SOL token from the Solana blockchain and the ADA token from the Cardano blockchain.
The selection underscores Washington’s growing acknowledgment of blockchain-based finance and its potential role in the evolution of digital payments. But what do these tokens offer, and why are they being prioritized in the U.S. government’s crypto playbook?
Understanding the Crypto Assets Under the Microscope
Bitcoin, the first and most well-known cryptocurrency, has long been viewed as a store of value rather than a payments mechanism. Its proof-of-work (PoW) consensus mechanism makes it highly secure but also relatively slow and costly for transactions. However, bitcoin’s liquidity and institutional adoption make it a cornerstone of the digital asset ecosystem.
The U.S. government’s interest in bitcoin likely stems from its dominance in the market and its potential role as a reserve asset in a digital-first monetary system.
Ethereum is the foundation for decentralized applications (dApps) and smart contracts. Its transition to a proof-of-stake (PoS) model with Ethereum 2.0 has improved its energy efficiency, making it more attractive for enterprise adoption. With many financial applications running on its blockchain, Ethereum’s inclusion in Trump’s crypto reserve could suggest a potential interest in programmable money and decentralized finance (DeFi) solutions.
Ripple Labs’ XRP token has long positioned itself as a bridge currency for cross-border payments. Banks and financial institutions have experimented with XRP to enable near-instantaneous settlement at low costs. XRP is the third-largest crypto token by market capitalization behind bitcoin and Ethereum.
“The ability to move value around quickly — as opposed to locking it all in one place — frees up not just capital, but the energy and opportunity for growth in these businesses,” Brooks Entwistle, senior vice president of Global Customer Success and managing director at Ripple, told PYMNTS in a 2023 interview.
Given the Securities and Exchange Commission’s (SEC) ongoing legal battle with Ripple, the government’s attention on XRP indicates a potential shift in regulatory sentiment. The SEC dropped lawsuits against other crypto firms, including the exchanges Coinbase and Kraken.
See also: Regulations Become Crucial as Stablecoins Push Payments Frontier
Solana has gained traction for its high-speed, low-cost transactions, making it an attractive blockchain for payments and decentralized applications. Unlike Ethereum, which has struggled with network congestion and high gas fees, Solana’s architecture allows for thousands of transactions per second with minimal fees.
The Solana blockchain is the most popular platform for meme coins, and both meme coins launched by Trump and his wife in January were minted using Solana. Its inclusion suggests Washington could be exploring blockchain solutions that could scale to support mainstream financial activity.
Cardano, founded by Ethereum co-founder Charles Hoskinson, takes an academic and research-driven approach to blockchain technology. With a focus on scalability, interoperability and sustainability, ADA’s blockchain is seen as a long-term contender for enterprise and government use cases. The U.S. government’s interest in Cardano could stem from its emphasis on regulatory compliance and structured development.
Regulatory and Financial Implications
The selection of these tokens is notable for several reasons. First, it represents a mix of digital assets serving different functions — from store-of-value (bitcoin) to enterprise payments (XRP) and decentralized application ecosystems (Ethereum, Solana and Cardano). This suggests a broader strategy that goes beyond simple speculation or retail trading. Instead, it points to an evolving national policy that seeks to integrate digital assets into payments infrastructure and financial services.
If Friday’s summit leads to clearer regulatory guidelines, payment processors, banks and FinTech companies will be better positioned to integrate digital assets into their offerings, leading to faster and cheaper transactions, cross-border efficiencies and enhanced financial inclusion.
On the flip side, if regulatory ambiguity persists, uncertainty will continue to hamper mainstream adoption. While blockchain technology appears to be here to stay, its integration into U.S. financial infrastructure will largely depend on the policies outlined in the coming weeks.
“There’s an ongoing struggle to balance innovation with financial stability,” Amias Gerety, former U.S. assistant secretary of the treasury and current partner at QED Investors, told PYMNTS in an interview published Monday (March 3).
While crypto presents new opportunities, it also introduces risks, particularly in areas of fraud, security and systemic vulnerabilities, he said. Regulatory clarity will be key in fostering a healthy digital asset ecosystem.

Crypto
Police log: cryptocurrency financial scam, traffic stop arrests – TownLift, Park City News

Photo: Unsplash // Scott Rodgerson.
Monday, May 12
Incident: Traffic Hazard
A semi got caught on a stop sign on the corner of Wheaton Way and Royal Street W while trying to make a right hand turn. The stop sign was damaged as a result.
Similar Reads On TownLift
Tuesday, May 13
Incident: Drugs
Deputies stopped a vehicle after a registration check revealed that the vehicle was not insured. During the stop, it was discovered that the male driver had four active statewide warrants for his arrest. The male was taken into custody and his vehicle was state tax impounded. During an inventory of the vehicle, a user amount of marijuana was located, as well as drug paraphernalia. The arrested male was ultimately booked into the Summit County Jail for drug related charges and his outstanding warrants.
Wednesday, May 14
Incident: Warrant
Deputies observed a vehicle that had a broken headlight traveling southbound on SR 224. Deputies conducted a traffic stop and during the stop noticed that the driver of the vehicle had a State-Wide Warrant out for their arrest. Deputies arrested and transported the driver to the Summit County Jail without incident. The vehicle was later picked up by a licensed driver.
Friday, May 16
Incident: Wildlife Crossing
A large herd of elk tried to cross SR 224 near Meadows Drive.
Saturday, May 17
Incident: Scam
Deputies contacted a complainant regarding a report of a financial scam involving cryptocurrency. The complainant reports being defrauded of approximately $15,000 USD through a fraudulent investment scheme facilitated via cryptocurrency platforms. This case will be referred to investigations for further follow-up.
Incident: Domestic Violence
Deputies responded to an assault incident at the given location. After an investigation it was determined that domestic violence assault had occurred. The suspect was arrested and booked into the Summit County Jail.
Incident: DUI
Deputies initiated a traffic stop at N Silver Springs Dr and Little Lake Dr. Deputies smelled a strong odor of alcoholic beverage coming from the vehicle and the driver. After an investigation, the driver was transported to the jail and then released on a citation for DUI.
Sunday, May 18
Incident: Vandalism
Deputies responded to High Valley Transit Center for reports of a broken glass door. The victim was able to provide a screenshot of a possible suspect. Deputies later found and identified the vandal and he was taken in for questioning.
Read our full article on this police story.
Incident: Drugs
Deputies initiated a traffic stop. During the records check, a deputy’s dog alerted on the vehicle. During a search of the occupants and vehicle, controlled substances and drug paraphernalia were discovered. Both subjects were arrested and booked into Summit County Jail.
Similar Reads On TownLift
Crypto
Bitcoin Hits Record High After Stablecoin Bill Advances in Senate | PYMNTS.com

Bitcoin reportedly hit an all-time high of $109,730 Wednesday (May 21), driven in part by the Monday (May 19) news that a stablecoin bill advanced in the U.S. Senate.
The cryptocurrency reached its previous record high around the Jan. 20 inauguration of President Donald Trump, which heightened the market’s hopes for regulatory clarity around crypto, Bloomberg reported Wednesday.
Bitcoin has also benefited from some investors’ belief that it offers a haven from financial market turmoil, from some companies stockpiling the token, and from the greater variety of bitcoin exposure available to investors, according to the report.
The crypto industry-backed bill in the Senate is set for debate and could pass as soon as this week, per the report.
“It’s the shift of approach from [former Securities and Exchange Commission Chair Gary Gensler and the SEC] to this Trump administration, which has embraced our industry,” Michael Novogratz, founder and CEO of Galaxy Digital, told Bloomberg TV Wednesday. “That freed up the animal spirits both here and abroad.”
The Senate voted to advance the country’s first stablecoin legislation, the GENIUS Act, an acronym for Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 Act, on Monday after weeks of political back-and-forth, PYMNTS reported Tuesday (May 20).
“Tonight’s vote is a welcome and long-overdue step toward asserting U.S. leadership in digital assets,” Senate Banking Committee Chairman Sen. Tim Scott, R-S.C., said in a press release. “After playing politics, I’m glad many of my Democratic colleagues have returned to the table and are supporting a bipartisan product they helped shape. By moving forward on the GENIUS Act, we are one step closer to delivering a regulatory framework that keeps innovation in America, protects consumers, and safeguards our national security.”
After hitting its previous record high in January upon Trump’s inauguration, the price of bitcoin fell by as much as 30% when new tariffs led to a market downturn.
However, it rose back above the $100,000 mark for the first time in three months on May 8 amid anticipation for a relaxation of global tariff-related tensions following a new trade deal.
“It just speaks to the large amount of demand for digital assets in the industry, and especially bitcoin,” Cosmo Jiang of Pantera Capital told Bloomberg at the time.
Crypto
Bitcoin Buys a View: Trump Tower Dubai Embraces Cryptocurrency Payments via Deus X Pay

Deus X Pay, an institutional stablecoin payment solution setting new standards across the luxury sectors, is now enabling crypto payments for property purchases at the new Trump Tower Dubai, the first Trump International Hotel to be built in the Middle East.
The new $1 billion Trump Tower Dubai, unveiled through partnership with London-listed Dar Global,marks a breakthrough in global luxury real estate. Eric Trump, Executive Vice President of the Trump Organisation and son of US President Donald Trump, has recently announced that Bitcoin and other digital currencies will be accepted for condo sales.
Ziad El Chaar, CEO of Dar Global, said the Trump Tower Dubai is among the most ambitious Trump-branded residential towers globally, reflecting the project’s magnitude, stature, and symbolic significance in the region and internationally.
Trump previously told Gulf Business that Dubai is where luxury real estate and financial innovation intersect, and projects like Trump Tower Dubai are leading the way. By embracing technologies like stablecoins, buyers gain a faster, cheaper and more transparent way to secure exclusive, high-end properties while reshaping how luxury transactions are conducted.
Deus X Pay, a licensed Virtual Asset Service Provider (VASP) in Lithuania, offers institutional stablecoin payment solutions, enabling luxury sectors such as real estate, aviation and yachting to capitalise on this new era of finance. Deus X Pay CEO, Richard Crook, highlights that Dubai has created an environment where stablecoins can flourish as a practical, secure tool for international transactions (with Crypto Watch reporting that crypto adoption in the UAE is expected to surge 210% in 2025), giving premium buyers faster, frictionless access to high-value assets.
“Dubai’s forward-thinking stance has unlocked a whole new economy, and the gold standard for transactions of high-value assets. International buyers seek faster settlements, fewer cross-border complications and seamless access to premium developments. This project is a defining moment — not just for Deus X Pay, but for the global real estate sector. We are thrilled to deliver the regulated rails that make it possible for premium property buyers to transact instantly, compliantly and without the traditional delays or friction.”
The Trump Tower Dubai, an 80-story architectural icon, offers the highest international standards for ultra-high-net-worth travellers and long-stay residents. The exclusive building boasts 2-3 bedroom apartments and 4-bedroom penthouses valued at over AED 73 million, the highest outdoor swimming pool in the world, and has views of the world’s tallest building, the Burj Khalifa.
This new skyscraper is part of an expanding trend across private aviation, superyachts, and luxury collectables as high-end sectors embrace digital assets as a payment option to future-proof legacy industries.
About Deus X Pay
Deus X Pay is a regulated provider of institutional stablecoin payment solutions, revolutionising the authorisation, clearing, and settlement of cryptocurrency payments. We enhance global payment options for institutions, businesses, and corporations by seamlessly merging traditional finance with advanced digital payment infrastructure, enabling faster, more cost-effective, and secure transactions.
Fully compliant and regulated as a Virtual Asset Service Provider, Deus X Pay operates under a license in Lithuania, supervised by the Financial Crime Investigation Service (FNTT), the Czech Republic, supervised by the Financial Analytical Office (FAU), and in Canada, supervised by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
As a part of the innovative crypto investment firm Deus X Capital, we equip organisations with state-of-the-art financial tools aimed at fostering growth and success in today’s dynamic market.
Deus X Pay, an institutional stablecoin payment solution setting new standards across the luxury sectors, is now enabling crypto payments for property purchases at the new Trump Tower Dubai, the first Trump International Hotel to be built in the Middle East.
The new $1 billion Trump Tower Dubai, unveiled through partnership with London-listed Dar Global,marks a breakthrough in global luxury real estate. Eric Trump, Executive Vice President of the Trump Organisation and son of US President Donald Trump, has recently announced that Bitcoin and other digital currencies will be accepted for condo sales.
Ziad El Chaar, CEO of Dar Global, said the Trump Tower Dubai is among the most ambitious Trump-branded residential towers globally, reflecting the project’s magnitude, stature, and symbolic significance in the region and internationally.
Trump previously told Gulf Business that Dubai is where luxury real estate and financial innovation intersect, and projects like Trump Tower Dubai are leading the way. By embracing technologies like stablecoins, buyers gain a faster, cheaper and more transparent way to secure exclusive, high-end properties while reshaping how luxury transactions are conducted.
Deus X Pay, a licensed Virtual Asset Service Provider (VASP) in Lithuania, offers institutional stablecoin payment solutions, enabling luxury sectors such as real estate, aviation and yachting to capitalise on this new era of finance. Deus X Pay CEO, Richard Crook, highlights that Dubai has created an environment where stablecoins can flourish as a practical, secure tool for international transactions (with Crypto Watch reporting that crypto adoption in the UAE is expected to surge 210% in 2025), giving premium buyers faster, frictionless access to high-value assets.
“Dubai’s forward-thinking stance has unlocked a whole new economy, and the gold standard for transactions of high-value assets. International buyers seek faster settlements, fewer cross-border complications and seamless access to premium developments. This project is a defining moment — not just for Deus X Pay, but for the global real estate sector. We are thrilled to deliver the regulated rails that make it possible for premium property buyers to transact instantly, compliantly and without the traditional delays or friction.”
The Trump Tower Dubai, an 80-story architectural icon, offers the highest international standards for ultra-high-net-worth travellers and long-stay residents. The exclusive building boasts 2-3 bedroom apartments and 4-bedroom penthouses valued at over AED 73 million, the highest outdoor swimming pool in the world, and has views of the world’s tallest building, the Burj Khalifa.
This new skyscraper is part of an expanding trend across private aviation, superyachts, and luxury collectables as high-end sectors embrace digital assets as a payment option to future-proof legacy industries.
About Deus X Pay
Deus X Pay is a regulated provider of institutional stablecoin payment solutions, revolutionising the authorisation, clearing, and settlement of cryptocurrency payments. We enhance global payment options for institutions, businesses, and corporations by seamlessly merging traditional finance with advanced digital payment infrastructure, enabling faster, more cost-effective, and secure transactions.
Fully compliant and regulated as a Virtual Asset Service Provider, Deus X Pay operates under a license in Lithuania, supervised by the Financial Crime Investigation Service (FNTT), the Czech Republic, supervised by the Financial Analytical Office (FAU), and in Canada, supervised by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
As a part of the innovative crypto investment firm Deus X Capital, we equip organisations with state-of-the-art financial tools aimed at fostering growth and success in today’s dynamic market.
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