US Crypto Policy Sparks Controversy Amid Expansion of Strategic Reserve Inclusion
by aria-crypto.com
March 4, 2025 at 09:34
US Crypto Policy Sparks Controversy Amid Expansion of Strategic Reserve Inclusion
US President Donald Trump announced an unprecedented step in integrating cryptocurrencies into national economic strategy by establishing a strategic reserve that includes Bitcoin, Ethereum, XRP, Solana, and Cardano. This move aims to position the US as the Cryptocurrency Capital of the world, sparking a variety of reactions from industry experts and the market. While some experts supported the inclusion of Ethereum and Solana due to their robust developer ecosystems, the addition of XRP and ADA drew significant criticism, pointing out their relative centralization and lesser total value locked compared to ETH and SOL. Critics, including Castle Island Ventures' Nic Carter, have voiced concerns over the government's role in selecting specific cryptocurrencies for the strategic reserve, suggesting it deviates from its principal regulatory functions. The announcement initially led to market enthusiasm, which quickly cooled down amidst developing regulatory concerns and debates over the cryptocurrency choices. This ongoing narrative not only shapes future US cryptocurrency policy but also influences broader market stability and investor strategies.
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