Just days after Donald Trump suggested adding XRP, Solana, and Cardano to the U.S. Strategic Crypto Reserve, a storm of doubts has emerged about whether XRP and ADA will actually make the cut. Let’s break down the situation:
🔹 **Why the U.S. May Not Buy XRP & ADA:**
- **Dan Romero’s Prediction:** Farcaster co-founder Dan Romero suggests the U.S. won’t purchase crypto from the market. Instead, it will only use seized assets for its reserves.
- **XRP's Ripple Effect:** Nearly half of XRP is still controlled by Ripple, making a government purchase potentially controversial — it could be seen as public funds benefiting a private company.
- **Congressional Hurdles:** It’s unlikely that Congress would approve any law compelling the government to buy altcoins like ADA or XRP.
- **BTC Dominance:** Bitcoin (BTC) could comprise up to 80% of the reserve, with altcoins being included only through tax payments or donations.
⚡ **Market Reaction: Gains Wiped Out:**
After Trump’s announcement, XRP, Solana (SOL), and Cardano (ADA) saw a surge in value. However, following Romero’s comments, all those gains — including for BTC and ETH — were wiped out. 📉🚨
🔥 **Samson Mow’s Warning to Trump:**
Samson Mow, CEO of Jan3, slammed Trump’s plan, warning that adding altcoins could turn the reserve into a speculative gamble. He advocates for a focus on Proof-of-Work (PoW) coins like Bitcoin (BTC), Litecoin (LTC), and Monero (XMR), as they are viewed as more stable and less speculative.
📌 **The Debate Continues: Speculation vs. Stability:**
The future of the U.S. Strategic Crypto Reserve is uncertain. While the idea of altcoins like XRP and ADA in the reserve may sound appealing to some, others see it as a risky move that could undermine the long-term stability of the reserve.
What do you think? Will the U.S. stick with Bitcoin or diversify into altcoins like XRP and ADA? Let us know!
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