U.S. President Donald Trump has suggested that the strategic crypto reserve the country is planning to create should include XRP, Solana's SOL, and Cardano's ADA, in addition to bitcoin (BTC) and ether (ETH). The announcement initially boosted the total market cap by 11%, but market participants soon criticized the inclusion of XRP and ADA, arguing that they lack the real-world presence and utility of ETH and Solana. Critics also noted that the CME has not yet announced plans to list XRP and ADA futures. Some observers believe that Trump's mention of altcoins is a negotiation tactic to create leverage in discussions about the strategic crypto reserve, as he likely intends to focus on BTC and possibly ETH. However, it is uncertain whether the government will actually purchase fresh BTC or ETH. Critics also highlighted that Congressional approval is still required for the creation of the reserve. Market reactions to Trump's announcements are expected to go through three phases: rumors, hyperbolic announcement, and tough negotiations. There is a possibility of a leverage washout as investors reassess the reality of bureaucracy and negotiations.



Other News from Today