The US Strategic Crypto Reserve Debate Heats Up Ahead of March Summit

The concept of former President Donald Trump creating a strategic crypto reserve has sparked significant attention. The topic gained momentum after Trump revealed the addition of four cryptocurrencies to the US crypto reserve, alongside Bitcoin: Ether, XRP, Solana (SOL), and Cardano (ADA).

XRP and Ripple’s Influence

Ripple Labs played a significant role in getting Solana (SOL) included in the reserve. According to reports, Ripple’s executives, including CEO Brad Garlinghouse and CLO Stu Alderoty, initially sought to include XRP in the strategic crypto reserve. However, to avoid controversy, they convinced President Trump to add other digital currencies as well, with Solana being one of them. Ripple Labs is now championing the idea of a crypto reserve where multiple American tokens collaborate.

Solana’s Stance on the Reserve

Solana’s co-founder, Anatoly Yakovenko, shared his opinion on the idea of a strategic crypto reserve, expressing concerns that it could undermine decentralization and the core principles of blockchain technology due to government control. However, he offered a secondary suggestion: individual states, rather than the federal government, could manage their strategic reserves. He believes this could act as a hedge against potential mistakes by the US Federal Reserve.

The Unsuccessful Plan

The crypto community has been sceptical about the reserve’s public announcement. Trump’s omission of Bitcoin and Ether in his statement further fueled doubts about the initiative’s seriousness.

Cardano and ADA’s Role in the Reserve

Cardano’s co-founder, Charles Hoskinson, was notably excluded from the upcoming White House Crypto Summit guest list despite Trump’s earlier declaration that Cardano’s ADA token, worth $35.6 billion, would be added to the reserve. After the announcement, ADA’s price surged by over 100% to $1.14, though it declined.

Cardano continues to draw attention from crypto enthusiasts, with whale accumulation and market optimism playing a role. ADA’s price is approaching $1, and according to analyst Ali Martinez, if it breaks the $1.14 resistance, it could rise toward $2 in the short term. Whale activity has seen the accumulation of over 420 million ADA tokens since Trump’s announcement, while the recent acknowledgment of Grayscale’s ADA ETF filing by the US SEC has also contributed to the momentum.

Some experts speculate that ADA could reach $12 by 2025, with a potential surge to $25 in the long term.

All Eyes on the March 7 Summit

The three tokens—XRP, SOL, and ADA—are not commonly seen as stores of value, raising questions about the seriousness of the reserve project. Will it accumulate significant amounts of these tokens, or is it just a move to boost the public relations of early investors and insiders? This ongoing debate is gaining traction ahead of the US Crypto Summit on March 7, especially following Trump’s recent remarks on crypto policy.

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A key question remains: Will the reserve include substantial amounts of tokens beyond Bitcoin and possibly Ether? If only small amounts are deposited, the impact of Trump’s announcement on Sunday—which led to massive price surges—could be nullified.

The summit has gained additional attention after Donald Trump’s family project, World Liberty Financial, recently bet $20 million on Bitcoin and Ethereum.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.