Trump's Crypto Reserve: Bitcoin Dominates, Altcoins Spark Debate
1min read The potential inclusion of Bitcoin, XRP, and ADA in President Trump's proposed crypto reserve has sparked intense debate and speculation within the crypto community. While Bitcoin is widely expected to dominate the reserve, the role of altcoins like XRP and ADA remains uncertain.
Farcaster co-founder Dan Romero has shared insights into how the government might manage these assets. Romero suggests that the Trump administration will not purchase new crypto but instead use only seized assets for the reserve. He predicts that Bitcoin will make up around 80% of the holdings due to its dominance and global acceptance.
However, XRP and ADA could play a unique role, with Romero stating they might be used for in-kind tax payments or quasi-donations, hinting at potential government collaboration with Ripple and Cardano.
Despite the excitement, some in the community question the inclusion of XRP and ADA. Gemini co-founder Taylor Winklevoss argued that only Bitcoin meets the criteria for a strategic reserve, while economist Peter Schiff also expressed doubts about the selection of altcoins.
Coinbase CEO Brian Armstrong also wants a Bitcoin-only reserve, seeing Bitcoin as a decentralized, gold-like asset. However, he said that adding other cryptocurrencies is seen as risky and a misuse of taxpayer money. Critics, including tech investor Joe Lonsdale, argue that the government shouldn’t be spending on speculative assets while running a massive deficit.
Anthony Pompliano, a strong Trump supporter in the crypto space, criticized the move in his newsletter, arguing that Trump’s decision to include multiple cryptocurrencies in the U.S. reserve was influenced by the wrong people. He believes special interest groups and lobbyists convinced Trump to back riskier tokens under the guise of supporting “American-made” crypto projects, which he sees as a trap that goes against the original pro-Bitcoin agenda.
In contrast, XRP supporters welcome the move. Cardano founder Charles Hoskinson praised XRP’s resilience and strong community, calling it a smart choice. Ripple CEO Brad Garlinghouse hailed Trump’s decision as a significant step forward, emphasizing the importance of a multichain future.
With debate intensifying, the crypto community awaits further details on how the US crypto reserve will be structured and managed.
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