The idea of a strategic coding reserve in the United States is to stimulate the world of encryption, and XRP has become a shocking penis in the discussion. Ripple, the company that uses XRP, appears to be pushed strongly to include. But not everyone in the industry is convinced that this is a good idea.
The CEO of Ripple Brad Garlinghouse recently said that the company’s efforts are in line with the current management focus on supporting American companies and technologies. He suggested that this approach can increase the chances of reserve creation that includes assets like XRP, along with Bitcoin.
However, the large Ripple amount of XRP – which is worth more than $ 100 billion – leaves critics with a biased vision.
Does XRP belong to the American encryption reserve?
Not everyone buys it. Ryan Silux, the founder of Missari, took a clear position against Ripple’s ambitions. From his point of view, Bitcoin is the only cryptocurrency that deserves a strategic reserve.
Its decentralized nature, and its global energy and dominance structure makes it unique. Selkis did not back down from his words, describing XRP inappropriate for the role and accusing Ripple of aggressive pressure to secure its place.
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Add another sound to the mixture, Cardano Founder Charles Hoskinson A different tone was offered. He reduced the discussion of XRP, indicating that the focus should remain on Bitcoin at the present time. Although this position did not fully reject XRP, it emphasizes a wide -ranging frequency about bypassing bitcoin to obtain government reserves.
At the heart of the matter from the United States government. A working group was assigned to study the feasibility of digital assets reserves. While early discussions revolve around Bitcoin, recent gossip indicates that assets like XRP and Solana, which bears the “Made in America”, can also be considered.
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Critics, including industrial players like riots, are not happy. Ripple’s pressure efforts have been charged with obstructing Bitcoin’s initiatives. Many argue that giving priority to anything other than Bitcoin can be held, not enhancing, the basis of the US encryption reserve.
