Hello, this is Coinscript.

In today’s episode:

• Trump Eyes American-Made Crypto Reserve

• SEC's Latest Move Against Ripple

• The $11.8B Bitfinex Recovery Story

"America First" Goes Crypto: Trump's Bold Plan Might Sideline Bitcoin

The soon-to-be 47th president is eyeing something that's making Bitcoin maximalists nervous - a strategic reserve filled with US-founded cryptocurrencies.

And no, this isn't just another crypto Twitter rumor.

The New York Post dropped the bombshell, reporting that Trump is "receptive" to establishing a reserve that would prioritize cryptocurrencies like:

• USD Coin (because what's more American than dollar-backed stables?)

• Solana (the fastest blockchain in the West)

• XRP (plot twist of the year)

But here's where it gets interesting. Trump just had dinner with Ripple's top brass - CEO Brad Garlinghouse and chief legal officer Stuart Alderoty.

Garlinghouse couldn't resist sharing a photo from the power dinner, calling it a "strong start to 2025."

The crypto community's reaction? It's exactly what you'd expect when you mix Trump, crypto, and a potential Bitcoin sideline:

Almeida from Orquestra didn't mince words: "Credibility goes to -1"

BTC Inc's CEO went full savage mode, dismissing it as "fake news" and dubbing XRP as "Kamala coin"

Could this be the start of a new era in American crypto policy? Or is this just another headline-grabbing move? Either way, 2025 is already delivering the drama.

SEC Won't Back Down: The Ripple Battle Continues

Just when you thought it was safe to go back in the XRP waters...

The SEC is back, and they're not happy about losing their case against Ripple.

On January 15, they filed new arguments in the Second Circuit Appeals Court, basically saying "Hey, that New York federal court? They got it wrong."

What's the SEC's beef this time?

They're challenging Judge Torres' July 2023 ruling that said XRP sales to retail investors weren't unregistered securities offerings.

They want the appeals court to flip the script and classify ALL XRP sales as unregistered securities.

So, what kind of impact does this have on XRP?

XRP doesn't seem bothered. At all.

The token is up 15% in the last 24 hours, swimming against the tide of the SEC's latest move.

It's like XRP looked at the SEC's filing and said, "Cool story, bro."

Ripple's chief legal officer Stuart Alderoty seems equally unfazed, calling the SEC's appeal brief "a rehash of already failed arguments."

He even suggested the next administration might just drop the whole thing.

From $72M to $11.8B: The Most Profitable Hack Recovery in Crypto History

If you ever needed proof that time in the market beats timing the market, here it comes.

Remember the infamous Bitfinex hack of 2016?

When 94,643 Bitcoin disappeared into thin air?

Back then, it was a $72 million disaster.

Today? Those same Bitcoin are worth a mind-bending $11.8 BILLION.

And now, in a plot twist worthy of a Netflix series, the US government wants to return every single Bitcoin to Bitfinex.

Let's break down this wild story:

August 2016: Bitfinex gets hacked

• Value at time of hack: $72 million

• Bitfinex's solution: Everyone takes a 36% haircut

• Users: "Do we have a choice?"

• Bitfinex: "Not really"

January 2025:

• Value of stolen Bitcoin: $11.8 billion

• US government: "Here's your Bitcoin back"

• Bitfinex users from 2016: "Wait, what about our 36%?"

The US government's filing includes not just the Bitcoin, but also all the fork coins - Bitcoin Cash, Bitcoin SV, and Bitcoin Gold.

Talk about a full package deal!

But here's the kicker - due to Bitfinex's recovery plan from 2016, they might be the sole recipient of this massive windfall. Sometimes the house really does always win.

Until tomorrow,

Coinscript Team

Memes of the Day 🤣

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.