Close Menu
Crypto News InsidersCrypto News Insiders
  • News
  • Videos
  • Learn
  • Bitcoin
  • Altcoin
  • Ethereum
  • Stablecoins
  • Blockchain
  • NFTs
  • Markets
  • Politics
  • DeFi
  • ETF
  • Insights
  • Web3
Trending

Can SEI Reach $1? 7-Month Downtrend Ends as Transactions Surge Threefold

4 mins ago

Saylor’s Bitcoin Strategy Yields $21.3 Billion in Unrealized Profits

55 mins ago

Rex Shares Urges SEC to Approve Staked Solana ETF, Says It’s ‘Coming Soon’

58 mins ago

Ethereum Price Set for Gains as Whales Purchase $10M in ETH Within Hours

1 hour ago

OND Climbs Towards $0.77, Team Predicts 2025 as the Year for Tokenized Stocks

1 hour ago
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Crypto News InsidersCrypto News Insiders
Login
Live Markets
  • News
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoin
    • Stablecoins
  • Blockchain
  • Insights
  • NFTs
  • Markets
  • Politics
  • DeFi
  • Learn
  • Videos
  • More
    • Web3
    • ETF
Newsletter
Crypto News InsidersCrypto News Insiders
Home»Politics
Politics

Criticism Mounts for Trump’s Crypto Reserve Inclusion of ADA and XRP

News RoomBy News Room4 months ago0 ViewsNo Comments2 Mins Read
Facebook Twitter Pinterest Telegram Email Tumblr Reddit LinkedIn

The US government’s decision to establish a Strategic Crypto Reserve has sparked intense discussions within the industry. On March 2, US President Donald Trump announced his executive order to create a national crypto reserve with the goal of solidifying the country’s leadership in the digital asset space. The reserve includes Bitcoin, Ethereum, XRP, Solana, and Cardano, although the weighting of these assets has not been disclosed.

Industry leaders have expressed concerns about the inclusion of multiple cryptocurrencies in the reserve, as many expected it to focus solely on Bitcoin. Critics argue that adding altcoins could complicate the initiative and potentially create unintended market biases. Jeff Park from Bitwise warned that including assets beyond Bitcoin could lead to concerns about government favoritism, even if the selection was made objectively.

Coinbase CEO Brian Armstrong suggested that a Bitcoin-only reserve would have been a more straightforward strategy. He proposed that if diversification is necessary, a market-cap-weighted index of digital assets could provide a more structured approach. Bitwise CEO Hunter Horsley emphasized that Bitcoin remains the strongest store of value in the digital age and questioned the reasoning behind the reserve’s asset choices.

Supporters of the selected altcoins defended their inclusion, viewing it as a win for the industry as a whole. Ripple CEO Brad Garlinghouse criticized Bitcoin maximalism and welcomed the recognition of a multichain future by the government. Similarly, Cardano founder Charles Hoskinson highlighted his blockchain’s commitment to security and decentralization, expressing confidence in its ability to contribute meaningfully to the crypto landscape.

Overall, the establishment of a Strategic Crypto Reserve by the US government has stirred up debates within the industry. While some question the inclusion of multiple cryptocurrencies, others view it as a positive step towards recognizing the diversity and potential of the digital asset space. It remains to be seen how the reserve will be structured and how its asset choices will impact the broader crypto market in the future.

Demo
Share. Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp

Related News

TikTok Faces Off Against US Congressman Over Alleged $300M Trump Token Bribe

Politics 1 week ago

Iran’s Nobitex Suffers $100 Million Loss from Symbolic Cyberattack

Politics 2 weeks ago

Pakistan Forms Bitcoin ‘Super Team’ as Michael Saylor Joins CZ on Crypto Advisory Council

Politics 2 weeks ago

US States Divided on Bitcoin: Connecticut Bans Reserves While Louisiana Looks to Expand Blockchain

Politics 3 weeks ago

Nearly $1 Billion Liquidated as Bitcoin Bounces Back from $100K Drop Following Elon Musk and Donald Trump’s Split

Politics 3 weeks ago

El Salvador Continues to Resist IMF Pressure to Stop Accumulating Bitcoin

Politics 1 month ago

Bitcoin Drops 4% as Donald Trump Threatens Tariffs on Imported iPhones and EU Goods

Politics 1 month ago

Ripple CEO Brad Garlinghouse Confused After Being Snubbed by Pro-Crypto Senator Cynthia Lummis

Politics 1 month ago

Senate Moves Forward with GENIUS Act Supported by Both Parties

Politics 1 month ago
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Saylor’s Bitcoin Strategy Yields $21.3 Billion in Unrealized Profits

55 mins ago

Rex Shares Urges SEC to Approve Staked Solana ETF, Says It’s ‘Coming Soon’

58 mins ago

Ethereum Price Set for Gains as Whales Purchase $10M in ETH Within Hours

1 hour ago

OND Climbs Towards $0.77, Team Predicts 2025 as the Year for Tokenized Stocks

1 hour ago

Bitcoin Miners Hit 12-Year Low—Why Aren’t They Selling?

1 hour ago

Latest News

iShares Bitcoin ETF (IBIT) Generates $186 Million in Revenue, Surpassing BlackRock’s S&P 500 ETF

2 hours ago

Charles Hoskinson: Cardano Requires Executive Leadership for Bitcoin DeFi Initiative

2 hours ago

24% Breakout Rally Expected Amid Bullish Sentiment and Exchange Withdrawals

2 hours ago

Subscribe to News

Get the latest crypto news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2025 © Crypto News Insiders. All Right Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?