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Is it true that XRP and Solana will be added to the official reserves of the United States?
Before Donald Trump's inauguration as the 47th President of the United States, rumors of a potential 'first strategic cryptocurrency reserve of the United States' are causing a stir in the cryptocurrency market. A report by the New York Post claims that Trump is 'open' to the idea of a reserve including Bitcoin as well as altcoins like Solana (SOL), Ripple's XRP, and Circle's USDC stablecoin. After this news, Solana (SOL) rose more than 8% to $217, XRP rose to $3.35 to reach a new record high in 2018, and Hedera's HBAR also rose over 10% to reach its highest level since December, although not mentioned directly. In his election campaign, Trump promised to make the United States a global leader in cryptocurrency, including creating a national Bitcoin reserve fund. This aligns with legislative efforts such as the BITCOIN Act proposed by Senator Cynthia Lummis, which supports the United States owning 5% of the total BTC supply. Some states have also sought laws to create cryptocurrency reserve funds. However, the idea of bringing altcoins into the national reserves has caused much controversy when the New York Post reported that Trump is willing to diversify reserves by investing in tokens related to innovations headquartered in the United States such as Solana and XRP. Despite the enthusiasm of the market, experts in the industry still express doubts about this idea. "This is an absurd idea and will never happen," Quinn Thompson, founder of the Lekker Capital hedge fund, wrote in a post on X. He argued that the US government should not speculate on altcoins: "The rumor of strategic reserves for non-BTC cryptocurrencies is another example of people taking a bad idea and using it as truth." Anthony Georgiades, a partner at Innovating Capital, expressed concern about the potential centralization of the blockchain economy. Georgiades said, "While innovation encouragement in the United States is extremely positive, nationalizing digital assets could weaken efforts to decentralize these ecosystems". He notes that Bitcoin remains the only currency that is "fully and completely decentralized," while other projects are still aiming for a similar degree of decentralization. DYOR! #Write2Earn #XRPHits3 $XRP {spot}(XRPUSDT)