Ripple Lobbied Trump to Include SOL in Crypto Reserve, Cardano Founder Reacts
The post Ripple Lobbied Trump to Include SOL in Crypto Reserve, Cardano Founder Reacts appeared on BitcoinEthereumNews.com.
Cardano founder Charles Hoskinson clarified that he was unaware of ADA’s inclusion and confirmed that he isn’t going to the White House Crypto Summit. Anatoly Yakovenko, co-founder of Solana, voiced strong opposition to a federally controlled U.S. Strategic Crypto Reserve. As per the latest report from Unchain, sources familiar with the matter stated that two Ripple executives, including CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, pitched to US President Donald Trump for the inclusion of Solana (SOL) as part of the strategic US crypto reserves. The sources said that this gave Ripple more legitimacy as SOL inclusion showed that the blockchain firm was advocating for a crypto reserve comprising other digital assets. Furthermore, Cardano founder Charles Hoskinson has also weighed in on the development. Following Trump’s announcement on crypto reserves last Sunday, the wider crypto community has shown discomfort over including XRP, SOL, and ADA, which are not seen as a store of value. Some have also questioned whether this crypto reserve is a serious project and would accumulate a large amount of these tokens using the taxpayer’s money. While commenting on the developments, Cardano founder Charles Hoskinson has stated that he was not aware of Trump’s plan to include ADA as US strategic reserves. Will Cardano Be Out of US Crypto Reserves At Crypto Summit? As per the decentralized predictions market Polymarket, the Polymarket odds on any of these assets being in a U.S. reserve currently only show Bitcoin above 50% (at 64%), with Ethereum second highest at 42%, and XRP and SOL neck and neck at 29% and 28%, respectively. There is no ADA reserve contract on Polymarket. On the other hand, the crypto community is eagerly awaiting the developments at the first official White House Crypto Summit scheduled on Friday, as highlighted in our previous…
Filed under: News - @ March 7, 2025 1:23 am