"Yusko: XRP, Cardano Could Join U.S. Reserves Under Trump"

Generated by AI AgentCoin World
Sunday, Jan 26, 2025 3:28 pm ET1min read
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In a recent interview on the Good Morning Crypto show, Mark Yusko, CEO of Morgan Creek Capital Management and a billionaire investor, expressed optimism about the future of crypto assets like XRP and Cardano (ADA) in U.S. monetary policy. Yusko, who oversees over $3 billion in digital assets, believes that these cryptocurrencies could be included in the U.S. reserve assets under a Trump administration, in addition to Bitcoin.

Yusko acknowledged the potential of XRP as a bridge currency, 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 historic shift in monetary policy.

However, 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. Ryan Selkis, founder of blockchain analytics firm Messari, and Jack Mallers, CEO of Bitcoin payments company Strike, have both criticized Ripple, accusing it of allegedly prioritizing political influence over crypto principles and undermining the principles of American prosperity, freedom, and Bitcoin itself.

The XRP community has fiercely defended Ripple, dismissing claims of centralization and emphasizing the cryptocurrency's significant use cases and adoption by banks worldwide. As the debate intensifies, the question arises whether XRP and Cardano could eventually become part of U.S. reserve assets. While President Trump has yet to announce a Bitcoin reserve policy as anticipated, recent steps, such as signing a pro-crypto executive order on Thursday, have been seen as a step in the right direction.

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