Shawn further alleged plans for integrating Hedera and Ripple technologies into U.S. electoral and financial systems, alongside tax exemptions for domestically developed cryptocurrencies—a move reportedly backed by Eric Trump.
Hoskinson refuted these claims, stating that any potential U.S. crypto reserve would likely focus solely on Bitcoin, with no intention to include alternative cryptocurrencies. His comments sparked mixed reactions within the crypto community, with some applauding his effort to maintain accuracy and others questioning his motivations, citing Cardano’s exclusion from the rumored plans.
BitMEX co-founder Arthur Hayes also weighed in, dismissing the likelihood of a national cryptocurrency reserve. Hayes argued that existing government priorities, such as social program funding, make such an initiative improbable. Additionally, he warned of potential market volatility linked to the president-elect’s pro-crypto stance, especially around the anticipated January 2025 inauguration.
While Donald Trump has demonstrated support for cryptocurrencies, including the nomination of a pro-crypto SEC Chair successor, the idea of a multi-asset national crypto reserve remains speculative at best. For now, the focus remains on Bitcoin as the centerpiece of any such initiative, leaving XRP and HBAR enthusiasts with unanswered questions.