Crypto -Raserv Donald Trump received significant skepticism from the crypto community. Instead of a separate Bitcoins reserve, he offers to fill out the national reserve with the help of XRP, Cardano and other tokens in the United States.
Already the weekend has already evaporated. Since the Congress seems to be unlikely to accept the bill of the reserve bill, this plan can have a small long -term effect on the market.
XRP and ADA fall more than 20%
Ever since Donald Trump announced the crypto warning from the United States with XRP, Cardano and Solana, the markets have been contrary. During his election campaign in 2024, Trump was running for the creation of the Bitcoin reserve, but his recent executive order included emphasis on other cryptoacles in the United States.
Crypto -community has already sharply criticized this decision, and it only strengthens:
“I thought about the Strategic Bitcoin/Crypto -Reverse of the United States, and there are two possible results: the reserve is BTC, and not one of the mentioned altcoins actually falls into it, or we are not going to accelerate in degeneration, unlike everything that could be seen earlier,” said Samson Mau, a well -known leader in space.
In fact, President Trump cannot simply buy the necessary amounts of altcoins. Bitcoin -Raserv was based on the idea that the federal government has already controlled the relevant assets from cramps.
However, the congress will have to approve new purchases and even some Members of the Republican Party may not decideField
“Nothing new here. Just words. Let me know when they receive the approval of the Congress to borrow money and or overestimate the price of gold above. Without this, they have no money to buy bitcoins and shitty signs, ”wrote the former General Director of BitMEX Arthur Heis.
Several members of the community suggested that Trump called these assets to fight back from more terrible warnings about the bear.
Although he really called the pump on the weekend, he completely evaporated by Monday, and the community is not happy. XRP fell 18%, Kardano fell by 23%, and the entire crypto -market looks pretty bear.
“XRP mainly over the past 10 days, despite the literal president of the United States, posted his ticker and said that he should be part of the US strategic crypto,” said Bloomberg analyst Joe Wecental.
Political handout?
There are also potential hypotheses that the choice of President Trump includes XRP and ADA, mainly from the company’s political donations for his administration. Solana also performed to get great benefits from the Trump administration, and the Trump Mem coin was launched on the network.
In other words, it is incomplete to assume that these assets are in the Trump expanded reserve, because they are American companies. The management of each company is also significantly confused with it.
XRP, Cardano and Solana will receive a direct increase from large federal acquisitions, and the proximity of companies to the president may affect questions here.
“ETH and SOL make sense, given their strong and growing activity of developers. But it is not clear to me why XRP and ADA were generally included, given that they are practically chains of ghosts compared to Ethereum and Solana. Indeed, the total cost (TVL) and stabcoin Mainstays Bitcoin, Ether and Solana, business development director at the Space ID Harrison Seletsky, said Beincrypto.
Everything that should say is a lot on the way of Trump’s proposal. Republicans control the congress, but only with a small margin. Some democrats may act against the use of taxpayers for purchasing crypto factors, while republican fiscal conservatives may question the influence of federal expenses.
In general, the proposed Crypto -Submissions of the US President is presented a long way to become a reality.
