Trump’s Bitcoin Reserve Plan Sparks Ripple Debate

Ripple’s XRP, despite its recent breakthrough past the $3 mark, continues to face intense scrutiny. The SEC sword is still hanging over XRP as they recently filled their brief despite the market predictions of Trump dismissing unfair crypto trials.

Trump’s priority on creating US Bitcoin strategic reserve is getting the attention while other major issues like crypto policies and setting fair trials is taking a backseat. This is the reason many in the crypto industry still feel negative about XRP and feel it is overhyped.

Bitcoin maximalist Samson Mow has reignited criticism, questioning Ripple’s legitimacy and XRP’s place in a potential U.S. strategic crypto reserve.

Mow’s Harsh Perspective on Ripple and XRP

Samson Mow, CEO of JAN3 and a staunch Bitcoin advocate, has been vocal in his disdain for major altcoins, including XRP. In a recent tweet, Mow declared that the criticism Ripple and XRP receive is insufficient, claiming, “You still don’t hate them enough, and there are still way more reasons why you should hate them.”

Mow’s critique stems from his belief that XRP lacks intrinsic value, accusing Ripple’s founders of creating 100 billion tokens “out of thin air.” He argued that adding XRP to a U.S. crypto reserve would equate to gifting taxpayer money to corporations that manipulate token supply.

Debating XRP’s Role in a U.S. Crypto Reserve

The debate about including altcoins in a potential U.S. strategic crypto reserve has gained traction, with Mow firmly opposing the idea. He insists that Bitcoin should be the sole asset in such a reserve, emphasizing its decentralized nature and scarcity.

Mow’s rhetoric aligns with elon musk elon musk Elon Musk Is the Co-founder of Tesla, an investor and entrepreneur. He was born on the 28th of June,1971, and is based in Pretoria, South Africa. He graduated from the University of Pennsylvania, earning a bachelor’s degree in Arts and physics, and the Wharton School, earning a bachelor’s degree in science, and economics. In 2003 Musk founded Tesla, an electric vehicle and clean energy company. Elon Musk is a crypto enthusiast, he has a complex relationship with cryptocurrency. He purchased $1.5 billion in the cryptocurrency. Musk was honored with Axel Springer Award, an award given to innovative people, who build new markets, change markets, and contribute to society. He was also listed on Forbes Billionaire with a total net worth of $2 Billion. [email protected] EntrepreneurInvestorChief Executive Officer focus on reducing wasteful spending. He criticized the idea of supporting tokens like XRP, which he believes undermine the principles of sound monetary policy.

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Not Everyone is Anti!

Interestingly, while Mow lashes XRP Charles Hoskinson Charles Hoskinson Charles Hoskinson is a visionary entrepreneur and technology pioneer renowned as the CEO and Founder of IOG (Input Output Global). With a profound commitment to advancing blockchain technology and decentralized systems, he has played a pivotal role in shaping the cryptocurrency industry’s landscape. Charles co-founded Ethereum, one of the most prominent blockchain platforms, and later established IOG, a blockchain research and development company. 
Details: Organization: Ethereum
Location: United States
Education: Master’s degree and PhD program University of Colorado Boulder Experience: Founded first company at 18.
Joined the Bitcoin Foundation and served as founding chairman of the educational committee.
Co-founded Ethereum in 2014.
Founded IOHK in 2017.
Led the development of the Cardano blockchain platform. FAQ
1. What is the net worth of Charles Hoskins?
Charles Hoskins’s net worth is $600-700M.
2. What are Charles Hoskinson’s crypto ventures?
During his decade-long crypto career, Hoskinson participated in several of the most prominent crypto projects in the industry.
  Chief Executive Officer the founder of Cardano, recently collaborated with Ripple to launch the RLUSD stablecoin on Cardano. Hoskinson, however, echoed Mow’s stance on Bitcoin being the only asset fit for a U.S. crypto reserve, refraining from directly criticizing Ripple. Moreover Trump did a closed door meeting with Ripple to showcase some positive steps towards XRP which is waiting for its breakout. 

Ripple’s Shaky Ground

Even after a partial win, XRP jumping to $3 Ripple’s journey is quite challenging, from ongoing SEC scrutiny to vocal critics like Mow. While XRP’s recent price surge signals market optimism, investors are worried if XRP legal battle will drag further.

Also XRP is primarily a cross- border payment solution for many financial institutes which is the real factor behind its low adoption. Many new investors will look for tokens with no legal fire rather than XRP. All these problems can prove fateful for XRP under Trump’s leadership if not resolved soon.

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