- Charles Hoskinson denies false claims of XRP, HBAR in Trump’s crypto reserve plans.
- Hoskinson clarifies Trump’s crypto reserve plan includes Bitcoin, not XRP or HBAR.
- Arthur Hayes predicts volatility for crypto amid skepticism on Bitcoin reserves.
Claims that President-elect Donald Trump’s administration plans to include XRP and Hedera (HBAR) in a national strategic crypto reserve have been denied by Cardano founder Charles Hoskinson. The rumors, allegedly shared by a Hedera supporter known as “Shawn,” have sparked widespread debate within the crypto community.
In a post on X (formerly Twitter), Shawn stated that Trump’s team plans to add XRP and HBAR to the proposed crypto reserve alongside Bitcoin (BTC). The claim framed these digital assets as “American Commodities” critical to making the U.S. the “crypto capital” of the world.
Shawn further added that Hedera and Ripple would play pivotal roles in digitizing American election and banking systems. Additionally, he quoted Eric Trump, claiming that his father intends to eliminate taxes on American cryptocurrencies to solidify U.S. dominance in the crypto space.
Hoskinson Sets the Record Straight
Charles Hoskinson refuted these claims, clarifying that only Bitcoin would be considered for the strategic reserve. He criticized the dissemination of misinformation, hinting that the narrative might have originated from parties promoting XRP and HBAR.
Read also: Bitcoin to $350K in 2025? Trump’s Backing and Market Trends Point to a Surge
The crypto community responded with mixed reactions. Some praised Hoskinson for debunking the false information, while others accused him of harboring bias against altcoins like XRP and HBAR due to Cardano’s exclusion.
Bitcoin Reserves Not Happening: Arthur Hayes
Adding to the skepticism, BitMEX co-founder Arthur Hayes dismissed the feasibility of a U.S. Bitcoin reserve. In a recent blog post, Hayes argued that political priorities, such as funding social programs, would prevent such an initiative.
Hayes also predicted heightened volatility in the crypto market, suggesting a potential crash around Trump’s inauguration on January 20, 2025. He attributed this to speculative optimism surrounding the president-elect’s crypto-friendly rhetoric.
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