- Cardano’s founder Charles Hoskinson confirmed he wasn’t aware of ADA being included and that he won’t be attending the White House Crypto Summit.
- Anatoly Yakovenko is the co-founder and CEO of Solana. He has voiced his strong opposition against a U.S. Strategic Crypto Reserve controlled by the federal government.
According to the Unchain report, two Ripple executives – CEO Brad Garlinghouse, and Chief Legal officer Stuart Alderoty – pitched US President Donald Trump on the idea of including Solana (SOL), as part of US strategic crypto reserves.
According to the sources, this gives Ripple greater legitimacy because SOL inclusion shows that Ripple is advocating for crypto reserves that include other digital currencies. Charles Hoskinson, the founder of Cardano, has also commented on this development.
After Trump announced on Sunday that crypto reserves would be created, many in the crypto world have expressed concern over the inclusion of XRP and SOL. These aren’t seen as a means to store value. Others have questioned if this project is serious and if it would use taxpayer money to accumulate large amounts of tokens. Cardano’s founder Charles Hoskinson stated in a comment on developments that he wasn’t aware Trump was planning to add ADA to the US strategic reserve.
Cardano will be out of US crypto reserves at the Crypto Summit
According to the Polymarket decentralized prediction market, Polymarket’s odds for any of these assets in the U.S. Reserve are currently Bitcoin at 64%, Ethereum at 42% and XRP at 28.8% and SOL at 29.8%. Polymarket does not have an ADA Reserve Contract.
The crypto community, on the other hand is anxiously anticipating the outcomes of the White House Crypto Summit, which will be held this Friday. highlighted In our previous article. Cardano’s Charles Hoskinson said that he was unaware of Trump’s plans to include ADA in the US Strategic Reserves.
According to him, neither he or any Cardano representatives had been invited yet to the White House Crypto Summit. It has led to speculation that Trump will boycott ADA tomorrow, at the White House Crypto Summit on March 7. Top crypto leaders, including ADA, have expressed their opposition to the inclusion of alternative coins. Tyler Winklevoss is the co-founder and CEO of Gemini.
I am not against XRP SOL or ADA, but do I think that they would be suitable as a Strategic Reserve? Bitcoin, the sole digital asset currently in existence that is up to the standard.
Solana Co founder calls for the elimination of strategic reserves
Solana co-founder Anatoly Yakovenko Has firmly rejected the concept of an U.S. Strategic Crypto Reserve. The author asserts that government oversight could undermine decentralization. He proposes as an alternative that states manage their Strategic Reserves, not the federal government. The U.S. Federal Reserve could potentially make mistakes, so this method would protect against that. noted Our last article.
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