Should the US government buy XRP, solana and cardano?
President Donald Trump has proposed the inclusion of altcoins such as XRP, Solana (SOL), and Cardano (ADA) in a U.S. strategic cryptocurrency reserve. This announcement has sparked debate among industry leaders regarding the necessity and strategic value of these specific cryptocurrencies.
While the inclusion of Bitcoin and Ether in the reserve seems justified due to their longstanding dominance and strategic relevance, experts like Anastasia Ulianova argue that additional altcoins may not hold significant value in the U.S.'s commercial or economic landscape. Following Trump's announcement, digital asset prices surged, with XRP increasing by more than 35% and Cardano by over 60%.
However, blockchain expert Kirill Kretov suggested that the selection criteria might have leaned towards market capitalization instead of technological innovation. Industry reactions have been mixed, with speculations about possible favoritism and concerns over the long-term impact on the market. Despite the initial price surge, the crypto market experienced a significant decline shortly after the announcement, correlating with broader financial market trends.
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