Charles Hoskinson Debunks Rumors of XRP and HBAR Inclusion in Trump's National Strategic Crypto Reserve

Claims that President-elect Donald Trump's administration plans to include XRP and Hedera (HBAR) in a national strategic crypto reserve have been denied

Fresh claims circulating within the crypto community suggest that President-elect Donald Trump's administration is considering XRP (XRP) and Hedera (HBAR) for inclusion in a national strategic crypto reserve. A Hedera supporter known as “Shawn” shared these rumors on X (formerly Twitter).

Shawn's post alleges that Trump's team plans to add XRP and HBAR to the proposed crypto reserve, along with Bitcoin (BTC). The claim positions these digital assets as “American Commodities” crucial to making the U.S. the “crypto capital” of the world.

Shawn also claims that Hedera and Ripple will play pivotal roles in digitizing American election and banking systems. Furthermore, he quotes Eric Trump, stating that his father intends to eliminate taxes on American cryptocurrencies to solidify U.S. dominance in the crypto space.

Cardano founder Charles Hoskinson took to X to refute these claims, clarifying that only Bitcoin would be considered for the strategic reserve. He also criticized the spreading of misinformation, suggesting that the narrative might be originating from parties promoting XRP and HBAR.

This isn't accurate. The reserve is only for Bitcoin.

Some members of the crypto community expressed gratitude to Hoskinson for debunking the false information. However, others accused him of being biased against altcoins like XRP and HBAR due to Cardano's exclusion.

In a recent blog post, BitMEX co-founder Arthur Hayes expressed skepticism about the feasibility of a U.S. Bitcoin reserve. He argued that political priorities, such as funding social programs, would likely prevent such an initiative.

Adding to his commentary on Trump's crypto plans, Hayes also predicted heightened volatility in the crypto market. He suggested a potential crash around Trump's inauguration on January 20, 2025, which he attributed to speculative optimism surrounding the president-elect's crypto-friendly statements.

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