Today in crypto news, US President-elect Donald Trump might consider establishing a strategic reserve for US-founded cryptocurrencies like USD Coin, Solana, and XRP, potentially sidelining Bitcoin. This speculation emerged after Trump dined with Ripple CEO Brad Garlinghouse, which stirred mixed reactions among the crypto community. Additionally, the US Securities and Exchange Commission (SEC) filed an appeal arguing that Ripple Labs' XRP sales to retail investors should be classified as unregistered securities, after a previous ruling favored Ripple. Despite this legal uncertainty, XRP saw a notable price increase. In another development, the US government has indicated that Bitcoins forfeited during the 2016 Bitfinex hack should be returned to the exchange, translating to a current worth of over $11.8 billion, a significant increase since the time of the hack. These events reflect ongoing discussions about regulatory approaches and asset recovery within the cryptocurrency landscape.

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