- Cardano Founder Charles Hoskinson explains why ADA will be added to the reserve.
- The US Strategic Crypto Reserve is expected to add many promising crypto assets.
- Cardano’s ADA is among the many that could make the cut.
Ever since the current President of the United States of America, Doland J. Trump, announced the approval of the US Strategic Crypto/Bitcoin Reserve, the crypto community has been eagerly waiting to hear more about Trump’s plan for the official US crypto Stockpile to grow. So far it has been hinted that BTC, XRP, ADA, ETH, and others are a few assets that could be included. Cardano Founder Charles Hoskinson explains why ADA is being added to the US Strategic Reserve.
Cardano Founder Charles Hoskinson Explains Why ADA
Earlier this year, President of the USA, Donald J. Trump announced that the USA would establish its own Strategic Crypto and Bitcoin Reserve. A few months later, the Crypt task force assembled by Trump to ensure the smooth adoption of crypto policies into the US Senate and Legislation shared a detailed report exploring what this Reserve and Stockpile would entail for the American people.
Trump, since his campaigning days, has actively shared his intent and promises to make America the global crypto hub, and since his taking office, has actively worked to fulfil his promises. His first move was to fire Gary Gensler, which he did almost immediately after his win and replaced him with a pro-crypto SEC Chair. Trump also went on to working alongside several reputed crypto professionals and financial experts to determine what the country;s next move should be.
So far, active industry leaders like Michael Saylor and Charles Hoskinson have met with the President or his representatives, alongside other industry professionals and pro-crypto members of parliament. Together, they are discussing the many possibilities that the US can take to establish itself as the leading global crypto hub. Presently, the US is yet to start heavily accumulating crypto assets into its reserve and stockpile.
ADA Is Being Added to the US Strategic Reserve
Despite its heavy moves to make the USA a pro-crypto nation, the US has yet to take active measures in actually buying and holding crypto assets and adding them to their holdings. So far, speculation about what assets the reserve and stockpile will hold has included assets such as BTC, ETH, XRP, ADA, DOGE, and many other promising crypto assets. Still, it is not certain which ones will make the cut and when they will be bought and held.
As we can see from the post above, Cardano Founder, Charles Hoskinson, goes on to share why exactly ADA could be a great addition to the US Strategic Crypto Reserve. He puts ADA next to BTC and talks about how Cardano and ADA are foundationally reliable and the US government could truly benefit from holding ADA alongside BTC in the US Strategic Crypto Reserve.