In addition to Bitcoin, other cryptocurrencies—including XRP, ADA, and HBAR—could enter the proposed U.S. national reserve. Such an opinion was shared by Morgan Creek CEO Mark Yusko during an appearance on the show Good Morning Crypto.
He mentioned that founders of these projects seek to “make contact” with the inner circle of Donald Trump, especially with his son Eric.
According to Yusko, Bitcoin is regarded as “digital gold,” but other cryptocurrencies have features that may be useful to the government.
He singled out XRP as one such asset:
“There are talks that XRP could be used—or even required—as a foundational layer for a CBDC or a national banking infrastructure.”
Yusko stressed that these are just discussions, and he isn’t certain what the U.S. government will decide.
During his presidential campaign, Trump and several of his supporters spoke out against the digital dollar, which they see as a tool for surveillance and restricting individual freedoms.
At press time, XRP is trading around $3.17, down from an intraday high of $3.50 just two hours earlier. On January 16, the asset broke a seven-year high at $3.40.
Context
- In January, MARA CEO Fred Thiel said his firm is pushing for the adoption of a strategic Bitcoin reserve across all 50 states and at the federal level in the U.S.