Donald Trump's recent announcement about the US crypto reserve, including altcoins like XRP, Solana, and Cardano, has triggered significant response and discussion within the crypto industry.
Crypto Reserve Announcement
On Sunday, Donald Trump announced that the US crypto reserve would include not only Bitcoin and Ethereum but also cryptocurrencies like XRP, Solana, and Cardano. This news caused a short-lived surge in the market.
Industry Criticism
Despite enthusiasm from some community members, Trump's proposal has faced criticism. Industry leaders such as Coinbase CEO Brian Armstrong expressed the opinion that only Bitcoin should be included in the reserve. Additionally, Samson Mow, CEO of Jan3, warned about the possible consequences of adding random altcoins to the national reserve.
Expert Opinions
Experts note that while Trump's plan has the potential to lead to significant changes in the industry, the inclusion of altcoins like XRP, Solana, and Cardano could lead to corruption. Samson Mow emphasized the importance of focusing on proof-of-work-based assets, such as Litecoin and Monero, to protect the integrity of the reserve.
Donald Trump’s plans for creating a crypto reserve have sparked substantial industry reaction and highlighted the importance of a careful approach to such strategies. Experts continue to debate which cryptocurrencies should be included in the national reserve and how this could impact the market in the future.
