HBAR and XRP Will Not Join the Strategic Reserve, Says Cardano Creator Charles Hoskinson

Speculation regarding the inclusion of XRP and Hedera (HBAR) in a potential national cryptocurrency reserve under Donald Trump's incoming administration has been dispelled by Cardano

Speculation about XRP and Hedera (HBAR) being included in a potential national cryptocurrency reserve under Donald Trump’s incoming administration has been shut down by Cardano creator Charles Hoskinson.

The rumor mill went into overdrive following unsubstantiated claims by a Hedera community member that sparked intense discussion across digital asset markets.

The initial assertions were made by Shawn (@oroogle) on X. In his statements, the president-elect’s team was said to have developed plans to establish a national cryptocurrency reserve that would include not only Bitcoin but also XRP and Hedera’s HBAR token.

In a broader strategy to position the United States as a global leader in cryptocurrency innovation, these digital assets were reportedly classified as “American Commodities.”

The claims went even further, suggesting a comprehensive integration of both Hedera and Ripple technologies into American electoral and financial infrastructure.

Perhaps most notably, the statements included an alleged quote from Eric Trump suggesting his father’s intention to implement tax exemptions for domestically developed cryptocurrencies to bolster American dominance in the digital asset sector.

Could HBAR and XRP Be Included in the Strategic Reserve?

Donald Trump has shown some support for cryptocurrencies, recently nominating a pro-crypto successor to Gary Gensler, the current Chair of the U.S. Securities and Exchange Commission (SEC) and a well-known anti-crypto figure.

However, Cardano founder Charles Hoskinson stepped in to address what he called misinformation circulating within the cryptocurrency community. According to Hoskinson, any consideration for a strategic reserve would be limited exclusively to Bitcoin, with no plans to include alternative cryptocurrencies.

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

— Charles Hoskinson (@IOHK_Charles) December 18, 2024

The response from the cryptocurrency community was notably divided, with some participants commending Hoskinson’s effort to maintain factual accuracy in industry discourse. Others, however, questioned his motivations, suggesting potential bias due to Cardano’s absence from the purported reserve plans.

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— TimesTabloid (@TimesTabloid1) July 15, 2023

Further skepticism regarding the feasibility of any cryptocurrency reserve has been expressed by prominent industry figures. BitMEX co-founder Arthur Hayes published a detailed analysis arguing against the likelihood of such an initiative.

In his analysis, Hayes highlighted that existing governmental priorities, especially those related to social program funding, would likely render the establishment of a national Bitcoin reserve unfeasible.