Recently, the White House Cryptocurrency Summit, which will be held tomorrow, has been on the agenda of the cryptocurrency market. While Donald Trump is expected to make an announcement regarding the US strategic crypto reserve at this summit, a claim has emerged regarding the reserve announcement Trump made on Sunday. Trump announced on Sunday that XRP, Solana, and Cardano will be included in the crypto reserve.
Ripple (XRP)-Solana Claim! While Trump’s preference for XRP, SOL, and ADA garnered backlash in the crypto market, according to Unchained, Ripple Labs allegedly pressured Trump to include Solana in the crypto reserve in order to legitimize the inclusion of XRP. Ripple Labs executives, including Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty, approached President Trump to include SOL in the crypto reserve announced on Sunday to legitimize the existence of XRP, two sources familiar with the matter told Unchained. Two sources, who asked to remain anonymous, said that Ripple aimed to make XRP’s presence in the reserve seem more legitimate with this move. According to sources, Solana’s inclusion in the reserve also helped Ripple convey that it was advocating for a crypto reserve that included several American tokens.
According to Polymarket data, the probability of any of these assets being in the US reserve is as follows: Bitcoin is in first place with 64% above 50%; Ethereum is in second place with 42%; XRP and Solana are in third and fourth place with 29% and 28% respectively. There are no contracts on Polymarket regarding the probability of ADA being included in the reserve.
Shocking Statements from the Founder of Solana (SOL)! As the allegations between Ripple and Solana continue to be discussed, Solana co-founder Anatoly Yakovenko said that a strategic crypto reserve in the US would undermine decentralization and that there should be no reserve at all. Yakovenko said he was skeptical of the idea of a crypto strategic reserve in the US, saying his first preference would be for there to be no crypto reserve at all. According to Yakovenko, government oversight of cryptocurrencies could undermine the decentralization of digital assets. The Solana founder said his second preference is for states to manage their own crypto reserves, which Yakovenko said could act as a hedge against the Fed making mistakes. Solana founder said that if his third preference is that there must be a reserve, the cryptocurrency to be included in the reserve must have objectively measurable requirements.
“If there has to be a reserve, it’s based on objectively measurable requirements. I don’t care what they are, they can even be structured in a way that only Bitcoin can currently meet them, they just have to be objectively measurable and rationally justified. If there’s a goal to be achieved, the Solana ecosystem will achieve it.”
My reserve order of preference
1. No reserve, because if you want decentralization to fail you’d put the government in charge of it.
2. Or states run their own reserve as a hedge against the Fed making a mistake.
3. Or if there has to be a reserve, it’s based on objectively…
https://t.co/LfYXCIeRnG
— toly (@aeyakovenko)
March 6, 2025
*This is not investment advice.
