With the plans for a strategic crypto reserve that will include Bitcoin and altcoins, Cardano founder has made a case for why XRP should be added to the mix.
The new US leadership has stirred a debate about including XRP in its strategic reserve plans. Entities like anti-crypto economist Peter Schiff have weighed in, disapproving of the plan. However, Cardano founder Charles Hoskinson has explained why XRP should be added to the US National Strategic Reserve.
Altcoins do Not Belong in Strategic Reserves
While he is notorious for criticizing Bitcoin (BTC) and its market performance, Schiff stated that he understands the need for a strategic reserve for the flagship cryptocurrency but disagrees with it.
“We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let’s create a Bitcoin reserve too,” Schiff explained in a March 2 X post.
He does not feel the same about XRP in the strategic reserve. This has prompted him to ask, “what’s the rationale for an XRP reserve?”
Hoskinson seized the opportunity to tout XRP’s core features and past performance.
The Cardano founder described XRP as a great technology and a global standard. He claimed it has survived up to ten years of mixed activities, including harsh crypto market situations. He also acknowledged the network’s strong community.
Because XRP is great technology, a global standard, survived for a decade through many harsh cycles, and has one of the strongest communities. I think the president made the right decision
— Charles Hoskinson (@IOHK_Charles) March 2, 2025
He thinks President Donald Trump made the right decision with a potential XRP reserve on this premise. Still, Affogata co-founder Itamar Rogel does not think XRP or any altcoin should be added to a national strategic reserve.
XRP ETFs in the US
Amidst these discussions, top investment asset management firms are still waiting for the Securities and Exchange Commission (SEC) to decide on their individual XRP ETF filings. Bitwise, Canary Capital, 21Shares, and others submitted their applications to list the crypto ETF.
Despite delays, crypto enthusiasts are optimistic that the Trump administration will hasten the process.
About two weeks before his inauguration as President of the United States (POTUS), Polymarket data showed a 70% chance that an XRP ETF would successfully launch this year.
Ripple’s legal battle with the US SEC might have disadvantaged XRP regarding the ETF. However, the policy shift and change in the crypto industry in the US could make all the difference.
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