Trump’s Proposed U.S. Crypto Reserve Includes XRP, ADA, and SOL Amid Industry Debate on Strategic Asset Selection
The post Trump’s Proposed U.S. Crypto Reserve Includes XRP, ADA, and SOL Amid Industry Debate on Strategic Asset Selection appeared on BitcoinEthereumNews.com.
U.S. President Donald Trump’s announcement of a new crypto working group and a strategic reserve has ignited widespread debate within the cryptocurrency community. The decision to include cryptocurrencies such as XRP, ADA, and SOL, alongside established players like BTC and ETH, has raised eyebrows among industry experts. “It feels unprofessional—a knee-jerk reaction to a market correction,” said Danny Scott, CEO of CoinCorner, reflecting the sentiment among many skeptics. Trump’s crypto reserve plan sparks debate as experts question the inclusion of altcoins alongside BTC and ETH. Read more to understand its implications. Trump’s Strategic Crypto Reserve: A Controversial Choice of Assets The announcement of a U.S. **Crypto Strategic Reserve** has not only sent **market signals** soaring but also intensified the scrutiny regarding the choice of assets included. Following a remarkable rally where cryptocurrencies experienced gains between **10% and 70%**, questions have emerged about the rationale behind including lesser-known assets like **XRP, ADA, and SOL**. Critics argue that such selections do not align with the foundational principles of a reserve meant to stabilize and elevate the cryptocurrency industry. Industry Reactions to Trump’s Announcement The mixed reactions from the crypto industry highlight the tension between political motivations and market realities. While some experts see potential in diverse digital assets due to their unique technological capabilities, others view this as counterproductive. **Nic Carter**, a General Partner at Castle Island Ventures, stated, “It’s not the job of the government to run an ersatz crypto hedge fund,” signaling a fear of governmental overreach into market dynamics. The Implications of Including Altcoins in a U.S. Reserve Adding **altcoins** such as XRP and ADA to the reserve raises substantial questions about their viability when compared to Bitcoin and Ethereum. **Harrison Seletsky**, director at digital identity platform SPACE ID, pointed out that XRP and ADA lack significant traction compared…
Filed under: News - @ March 4, 2025 3:27 am