The planned cryptocurrency asset reserve by the US President has attracted the attention of the crypto community. The reserve is expected to include notable cryptocurrencies such as Bitcoin ($87,969), Ethereum ($2,174), Solana ($141), XRP, and Cardano ($0.858726). During the upcoming cryptocurrency summit, global leaders will present their ideas before US officials.
Cardano’s Concerns
Reports indicate that Charles Hoskinson, the founder of Cardano, has not received an invitation to the event. He expressed that no invitation has reached him, and there has been no discussion regarding ADA’s inclusion in the reserve list.
Charles Hoskinson: “We did not receive an invitation on Monday, Tuesday, or Wednesday. Therefore, I assume I was not invited.”
Charles Hoskinson: “We had no prior information about ADA’s selection for the reserve.”
Solana’s Critique
Anatoly Yakovenko, co-founder of Solana, opposes the state-controlled reserve model. He argues that the principle of decentralization must not be compromised and insists that the reserve should be based on transparent and measurable criteria.
Anatoly Yakovenko: “My preference is for there to be no reserve at all. If there must be a reserve, it should be based on clear criteria independent of political influence.”
Investment Concerns and Political Factors
Recent political developments cast uncertainty over Cardano and Solana’s positions in the reserve. While other industry representatives are reportedly invited, questions remain regarding these two cryptocurrencies. Some speculate that political influences may come into play during the election process.
The meeting will likely seek to clarify the methodology for creating the reserve and the criteria for selecting cryptocurrencies to be included.
Data obtained from the event could influence the future positioning of the assets within the reserve. The successful implementation of the related developments based on transparency and measurable criteria is seen as crucial for market expectations.
