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Cryptocurrencies in US Reserves: Trump's Move Sparks Community Debates

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by A1

20 hours ago


US President Donald Trump's executive order to explore the potential inclusion of cryptocurrencies in national reserves has sparked significant debates in the crypto community.

Discussion in the Crypto Community

The recent executive order signed by Donald Trump aims to strengthen American leadership in digital financial technologies and considers the possible inclusion of various cryptocurrencies in US reserves. The public is actively discussing which cryptocurrencies might be included and whether it will be exclusively bitcoin.

Expert Opinions: Ripple and Bitcoin

Ripple CEO Brad Garlinghouse refuted accusations that the company is obstructing bitcoin's inclusion in the strategic reserve. According to him, Ripple's efforts are enhancing the likelihood of establishing a crypto reserve that includes bitcoin.

Unless you are choosing to ignore the core tenants of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually INCREASING the likelihood of a crypto strategic reserve (which includes bitcoin) happening.Brad Garlinghouse

Criticism of XRP and Alternative Views

Messari's founder, Ryan Selkis, took a stance against including Ripple's XRP in the strategic reserve, labeling it as toxic. He believes it's better to leave some cryptocurrencies out of the reserve than to include XRP. Meanwhile, Charles Hoskinson from Cardano indicated that the strategic reserve would start with including only bitcoin.

We’d be better off having no strategic reserve than one with a “endorsed” pieces of shit like XRP. Still, I think Bitcoin is an exception.Ryan Selkis

President Trump's initiative to explore the inclusion of cryptocurrencies in US reserves has stirred up active discussions and a variety of opinions within the community. The question of whether other cryptocurrencies, besides bitcoin, will be included in the reserves remains open.

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