XRP lawyer Bill Morgan says administration's narrow focus on Bitcoin is contrary to the goal of having a diverse and innovative crypto landscape

This is echoed by several industry figures who believe an overemphasis on Bitcoin will sideline altcoins and the broader blockchain sector, which includes DeFi and smart contracts.

The new administration claims to support crypto leadership, yet all we hear is Bitcoin, Bitcoin, Bitcoin.

This is echoed by several industry figures who believe an overemphasis on Bitcoin will sideline altcoins and the broader blockchain sector, which includes DeFi and smart contracts.

Could Bitcoin Maximalism Hurt Crypto Innovation?

Trump’s pro-Bitcoin stance raises questions about how his administration will shape U.S. crypto policy. While Bitcoin is the most widely used cryptocurrency, many experts say a Bitcoin only approach ignores the potential of altcoins like XRP, Ethereum and Cardano.

DeFi & Smart Contracts: Blockchain ecosystems beyond Bitcoin are driving financial innovation.

Institutional Adoption: Big corporations and banks are looking at altcoins for faster, scalable solutions.

Regulatory Balance: A Bitcoin focused policy could lead to unintended consequences for innovation.

Morgan and others argue that by prioritizing Bitcoin over other blockchain technologies, the Trump administration will strengthen one part of crypto leadership while weakening others.

XRP’s Role in the U.S. Crypto Landscape

The XRP vs Bitcoin debate goes beyond political rhetoric. XRP which recently gained momentum after the SEC dropped the lawsuit has been positioned as a potential alternative for a U.S. crypto reserve.

While Bitcoin advocate Samson Mow calls a Bitcoin reserve a “game-changer”, others say a multi-crypto reserve including XRP and other altcoins would be better for the country. Even Cardano founder Charles Hoskinson praised Trump’s broader inclusion while Peter Schiff remains skeptical.

As Trump’s crypto policies take shape, the big question remains: Will the U.S. government support a diverse crypto ecosystem or will Bitcoin dominance stifle broader blockchain growth?