How True Is the Claim That XRP and Solana Will Be Added to the Official Reserves of the US? Experts Revealed the Truth

Speculations about a potential 'America's first strategic crypto reserve' are causing excitement in the crypto markets, ahead of Donald Trump taking office as the 47th President of the United States. According to a report by the New York Post, Trump is reportedly 'open' to the idea of a reserve that includes altcoins such as Solana (SOL), Ripple's XRP, and Circle's USDC stablecoin, in addition to Bitcoin.

Following the news, Solana (SOL) rose to $217 with an increase of over 8%, while XRP climbed to $3.35, reaching the all-time high level in 2018, and Hedera's HBAR also reached its highest level since December with an increase of over 10%, although it did not directly mention the name.

During the election campaign, Trump promised to make the US a global leader in the cryptocurrency field, including creating a national Bitcoin reserve. This is in line with legislative efforts such as Senator Cynthia Lummis' proposed BITCOIN Act, which advocates for the US to acquire 5% of the total BTC supply. Some states have also sought legislation to create crypto reserves.

However, the idea of including altcoins in a national reserve has sparked controversy. According to the New York Post, it is alleged that Trump is open to diversifying the reserve to include tokens linked to U.S.-based innovation, such as Solana and XRP.

Despite the excitement in the market, industry experts are approaching this idea with skepticism.

Quinn Thompson, the founder of Hedge Fund Lekker Capital, said in an X post, 'This is a ridiculous idea and will never happen.' He argued that the US government should not make speculative investments in altcoins, stating, 'The strategic reserve rumor for non-BTC coins is another example of people taking a bad idea and treating it as if it were true.'

Anthony Georgiades, a general partner at Innovating Capital, expressed concerns about the potential centralization of blockchain economies. Georgiades said, “While promoting innovation based in the US is extremely positive, the public ownership of digital assets could weaken efforts to decentralize these ecosystems.”

He noted that Bitcoin remains the only coin that is "adequately and fully decentralized," while other projects are still working towards a similar level of decentralization.