The proposed cryptocurrency reserve by US authorities has sparked significant debate within the crypto community. Major cryptocurrencies like Bitcoin, Ethereum, and others might be included; however, the fate of Cardano and Solana remains uncertain.
Future of Cardano in the New Reserve System
Reports indicate that Charles Hoskinson, the founder of Cardano, has not been invited to the summit discussing ADA’s inclusion in the reserve. Hoskinson noted that he hasn’t received any notifications about the upcoming discussions.
Solana’s Stance on the Crypto Reserve
Anatoly Yakovenko, co-founder of Solana, has voiced strong opposition to a government-controlled reserve, emphasizing the importance of maintaining decentralization and establishing the reserve based on transparent and objective criteria.
Political Influence on Selection
Political dynamics are increasingly affecting the positioning of Cardano and Solana in this new reserve framework. While other industry representatives have been invited, the status of these two cryptocurrencies remains uncertain, with some speculating on potential political influences during the selection process.
As discussions proceed, the outcome of this summit could significantly shape the future of the cryptocurrency reserve system, impacting how cryptocurrencies are perceived and utilized within the broader financial landscape.
