"Yusko: XRP, ADA Could Join Bitcoin in U.S. Reserve"

Generated by AI AgentCoin World
Sunday, Jan 26, 2025 3:28 pm ET1min read
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Morgan Creek Capital Management's CEO, Mark Yusko, has expressed optimism about the potential inclusion of XRP and Cardano (ADA) in the U.S. reserve assets, alongside Bitcoin. Speaking on the Good Morning Crypto show, Yusko, who oversees over $3 billion in digital assets, discussed the possibility of these cryptocurrencies being added to the U.S. monetary policy under a Trump administration.

Yusko highlighted the utility of XRP, often referred to as the "bridge currency," in enabling fast and cost-effective cross-border transactions. He also praised Cardano's proof-of-stake blockchain for its focus on scalability, sustainability, and technological innovation. If realized, including XRP and ADA in the U.S. reserve would mark a significant shift in monetary policy.

Yusko's optimism comes amidst increasing tensions within the cryptocurrency community. A rift has grown between the XRP and Bitcoin communities, with some Bitcoin advocates accusing Ripple's leadership of promoting a centralized financial system that contradicts Bitcoin's decentralized ethos. However, the XRP community has fiercely defended Ripple, dismissing claims of centralization and emphasizing the cryptocurrency's significant use cases and adoption by banks worldwide.

The debate surrounding XRP and Cardano's potential inclusion in U.S. reserve assets is ongoing. While President Trump has yet to announce a Bitcoin reserve policy, recent steps, such as signing a pro-crypto executive order, have been seen as a step in the right direction. The question of whether XRP and Cardano could eventually become part of U.S. reserve assets remains to be seen.

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