The decision of the US government to set up a strategic crypto reserve has inflamed intense discussions, in which the leaders of the industry question its structure and selection of assets.
On March 2, US President Donald Trump revealed that his executive order had commissioned his administration to create a national crypto reserve. According to him, the initiative is intended to strengthen the leadership of the country in the digital assets space.
The reserve includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and Cardano (Ada). However, officials have not announced how these assets will be weighed within the reserve.
Industry Pushback on Altcoins Inclusion
The absorption of several cryptocurrencies has expressed concern, because many expected the reserve to concentrate exclusively on Bitcoin. Critics claim that adding altcoins could make the initiative more difficult and unintended market prejudices.
Jeff Park, head of Alpha Strategies in Bitwise, criticized the decision as a political miscalculation. He warned that taking assets outside of Bitcoin could worry about government’s favoritism, even if the selection was made objective.
He stated:
‘[The] A big problem here is optics. If you include Altcoins whose US Case can be detected to be considered ‘national strategic’, you risk the assumption of trade, even if it was clearly incorrect. This is politically negative, even under a subset of crypto enthusiasts. “
In the meantime, Coinbase CEO Brian Armstrong suggested that a Bitcoin-exclusive reserve would have yielded a more simple strategy. He suggested that if diversification is necessary, a market-cap-weighted index of digital assets could be a more structured approach.
Armstrong said:
“Just Bitcoin would probably be the best option – simplest and clear story as a successor to gold.”
Bitwise CEO Hunter Horsley also weighed and emphasized that Bitcoin remains the strongest value shop. Although he showed an interest in understanding the reasoning behind the asset of the reserve, he argued that a strategic reserve should concentrate on the most reliable digital active.
He noted:
“Many crypto assets have merits, but what we are talking about here is not an American investment portfolio – we are talking about a reserve and Bitcoin is the undisputed value storage for the digital age.”
CEO of Crytpoquant, Ki Young Ju, also weighed, pointing out that Bitcoin and Ethereum have been omitted from the original announcement after“
“Trump first mentioned XRP, Sol and Ada and then raised BTC and ETH two hours later.
Can I interpret his tweets in this way?
‘BTC and ETH, show me your strategic value – for me and the US. I just closed a deal with XRP, Sol and Ada. ” ‘
Universal moral standards have decreased since Trump’s election. If something trump uses and serves American national interests, it is no longer considered illegal. “
XRP and Cardano defend their recording
Supporters of the selected Altcoins defended their admission and argued that it was part of a broader victory for the emerging industry.
Ripple CEO Brad Garlinghouse criticized Bitcoin -Maximalism, which states that the crypto industry thrives on cooperation. He welcomed the recognition by the government of a future of multiple tones.
According to him:
‘[I] Raise the vision of the crypto president Donald Trump on a representative of the GOVT Digital Asset Reserve of the industry. Maximalism is the enemy of the progress of industry. Glad to see that Potus acknowledges that we live in a Multichain world. “
Likewise, Cardano founder Charles Hoskinson emphasized the long-term obligation of his blockchain of safety and decentralization and expressed confidence in his ability to make meaningful contribution to the crypto landscape.
Hoskinson said:
“I believe so strongly in Cardano because we have worked very hard in the last 10 years to try to build a system that retains and protects the integrity of the cryptocurrency space as a whole.”
