Ripple executives have proposed adding the SOL token to the U.S. crypto reserve plan, aiming to enhance trust and collaboration within the industry.
Ripple Management and Reserve Plan Discussions
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stu Alderoty emphasized during discussions with the Trump administration that incorporating the SOL token into the reserve would represent a significant step for the industry. Garlinghouse stated that the sector could only advance through collaboration. Including not only the XRP token but also other American-based cryptocurrencies in the reserve is believed to enhance trust within the industry.
White House Crypto Summit and Uncertainties
Details of the Trump administration’s plan will be discussed at the upcoming White House Crypto Policy Summit. Industry representatives are eagerly awaiting more information about the reserve plan’s content and implementation phases. The evaluation and management strategy for tokens such as XRP, SOL, and ADA is raising discussions. Commerce Secretary Howard Lutnick stated that Bitcoin is considered a strategic reserve, but different criteria will apply for other cryptocurrencies.
Market Reaction and Upcoming Decisions
Ripple’s executives’ SOL proposal has garnered mixed reactions within the market, while industry players closely monitor how Trump will approach the reserve plan. Upcoming official announcements could shape the future of the cryptocurrency market.
The inclusion of the SOL token in the U.S. crypto reserve plan could enhance industry trust, but the final decision lies with the administration, and its outcome will resonate throughout the market.
