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BREAKING: Trump Administration in Final Talks with Top Crypto Exchanges to Make Bitcoin and Ethereum Legal Tender

Washington, D.C. — May 14, 2025

Sources close to the Trump administration have confirmed that high-level negotiations are underway with major cryptocurrency exchanges to designate Bitcoin and Ethereum as legal tender in the United States.

The announcement, expected within days, is already sending shockwaves through global financial markets. Insiders claim the administration is planning to finalize the decision before the end of next week, marking the boldest embrace of digital assets by any major economy in history.

Bitcoin to $1 Million? Ethereum to $50,000?

Crypto markets have reacted with extraordinary momentum. Bitcoin has surged past $800,000, up from $65,000 just two weeks ago. Analysts predict the flagship cryptocurrency could hit $1 million within the next 10 days if the legal tender announcement is confirmed.

Ethereum, which was trading at just $2,500 last month, has already crossed the $30,000 mark amid buying frenzy and is poised to reach $50,000 or more according to top analysts.

“Everyone’s buying,” said Sandra Miller, senior analyst at BlockWave Capital. “Retail, institutions, even hedge funds that once mocked crypto are now scrambling to get exposure.”

Strategic Shift

President Trump, who returned to office in January 2025, has repeatedly expressed support for "monetary freedom" and has hinted at plans to decouple the U.S. economy from traditional centralized banking.

“This is about economic sovereignty,” a senior administration official said under condition of anonymity. “Digital assets represent the future of global commerce. The U.S. will not be left behind.”

Major exchanges such as Coinbase, Kraken, and Binance US are reportedly involved in shaping the legal and technical framework to allow crypto-denominated transactions at scale. Taxation policies, compliance, and anti-money laundering measures are being finalized.

Public Reaction: FOMO Frenzy

Across the nation, crypto fever is sweeping households and businesses. Social media is flooded with stories of people emptying savings accounts to buy crypto before the official announcement.

“I sold my car and maxed out two credit cards,” said Alex Ramirez, a 32-year-old Uber driver in Miami. “I’ve never felt more certain about anything.”

Retailers from Walmart to Starbucks are reportedly preparing to accept Bitcoin and Ethereum in anticipation of the official rollout.

Global Domino Effect?

Experts say the move could trigger a domino effect, with other countries following suit or rushing to develop their own digital asset strategies. Already, rumors are swirling that Canada, the U.K., and Japan are holding emergency meetings to discuss crypto policy shifts.

“This is bigger than the gold standard,” said crypto evangelist Michael Saylor. “This is monetary history in real-time.”