The post Why XRP and ADA don’t deserve to be on Trump’s Strategic Crypto Reserve appeared on BitcoinEthereumNews.com.

Donald Trump’s Truth Social post set off a firestorm after he claimed he had directed the Presidential Working Group to move forward with a Crypto Strategic Reserve. He named Bitcoin, Ethereum, XRP, Solana, and Cardano as part of it. That instantly raised eyebrows in the crypto world. Is the U.S. government really planning to acquire a stash of cryptocurrencies, or is this just another vague promise? Nobody knows. The post didn’t explain how this reserve would be built, whether taxpayer money would be used, or if it’s just a way to consolidate assets seized from criminals. But one thing is clear: Bitcoin is the only asset that actually makes sense for a government reserve, and many experts agree. Winklevoss twins reject XRP and ADA for strategic use Tyler Winklevoss, co-founder of Gemini, didn’t hold back: “I have nothing against XRP, SOL, or ADA but I do not think they are suitable for a Strategic Reserve. Only one digital asset in the world right now meets the bar and that digital asset is Bitcoin.” He pointed out that an asset in a government reserve needs to be hard money, a proven store of value, and that many crypto projects simply do not meet that standard. I have nothing against XRP, SOL, or ADA but I do not think they are suitable for a Strategic Reserve. Only one digital asset in the world right now meets the bar and that digital asset is bitcoin. Many of these assets are listed for trading on @Gemini and meet our rigorous… pic.twitter.com/q32qlaFDKJ — Tyler Winklevoss (@tyler) March 3, 2025 His twin brother Cameron Winklevoss agreed. He found it bizarre that some of these coins were even considered. He said, “Bitcoin is the only asset that meets the bar for a store of value reserve asset.…

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Filed under: News - @ March 3, 2025 6:23 pm