Valued at $181 billion, XRP is currently the third-largest cryptocurrency by market capitalization. The discussion started after President Donald Trump's executive order calling for the creation of a national digital asset stockpile.
The crypto community is debating whether XRP should be included in the United States’ proposed digital asset reserve. XRP is currently the third-largest cryptocurrency by market capitalization, with a valuation of $181 billion.
The discussion started after President Donald Trump's executive order called for the creation of a national digital asset stockpile.
Ripple CEO Brad Garlinghouse responded to criticism from Riot Platforms VP Pierre Rochard, who accused him of lobbying against a Bitcoin-only strategic reserve. Garlinghouse defended Ripple's push to include XRP, stating that it makes sense to prioritize U.S.-created cryptocurrencies like XRP alongside Bitcoin (BTC).
However, Messari Founder Ryan Selkis strongly disagreed with XRP's potential inclusion. Selkis argued that Bitcoin should remain the sole cryptocurrency in the reserve due to its decentralized structure and global adoption. He dismissed XRP as “an endorsed piece of junk,” emphasizing that only Bitcoin meets the criteria for a credible strategic asset.
Rumors suggest that the Trump administration is considering U.S.-developed cryptocurrencies such as Cardano (ADA), Hedera (HBAR), and XRP for the reserve. Supporters believe this approach could strengthen domestic innovation in the digital asset space.
Cardano creator Charles Hoskinson joined the debate, expressing skepticism about XRP's inclusion. Hoskinson stated that the reserve will likely begin with Bitcoin alone and expand over time if needed. His remarks reflect a broader divide within the crypto sector regarding the strategic reserve's composition.
Interestingly, discussions of a potential partnership between Ripple and Cardano had been doing the rounds, adding intrigue to the debate. Both platforms have hinted at possible collaboration in recent months, though no formal agreement has been announced.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
