Trump’s plan for a U.S. Crypto Strategic Reserve has sparked debate. The reserve would include Bitcoin (BTC-USD), Ethereum (ETH-USD), Solana (SOL-USD), Cardano (ADA-USD), and XRP (XRP-USD), but not everyone agrees with this selection. According to CoinDesk, Gemini’s Tyler Winklevoss argued that “only one digital asset in the world right now meets the bar, and that digital asset is Bitcoin.” He explained that a true reserve asset must function as “hard money” like gold.
Coinbase ($COIN) CEO Brian Armstrong echoed this view, stating, “Just Bitcoin would probably be the best option.” If the U.S. insists on including more assets, he suggested a market cap-weighted index to avoid bias.
Cardano and Ripple Defend their Place in the Reserve
Not everyone thinks the reserve should be Bitcoin-exclusive. Ripple’s Brad Garlinghouse has long supported a multi-token reserve. Cardano (ADA-USD) founder Charles Hoskinson also backed the plan, countering critics by saying, “XRP is great technology, a global standard, survived for a decade through many harsh cycles, and has one of the strongest communities.”
The debate comes as Trump prepares to host the first White House Crypto Summit on March 7. According to Reuters, the event will bring industry leaders together to discuss regulations, stablecoins, and the future of the Crypto Strategic Reserve.
At the time of writing, Bitcoin is sitting at $84,035.00.
