Crypto Exchange Coinbase and Gemini CEOs argue that Bitcoin may be the only cryptocurrency that meets the standards of US preliminary assets.
Gemini’s Tyler Winklevoss announced a plan to establish a cryptocurrency strategy by the US President Donald Trump, and on March 3, “Only one digital asset in the world is met with a bar and digital assets are Bitcoin.
Trump said the encryption strategy protection will include Solana (SOL), Cardano (ADA) and XRP (XRP) in addition to Bitcoin (BTC) and ether (ETH).
Winklevoss says he has nothing about this coin, but he doesn’t believe that US preliminary assets are suitable.
“Many of these assets are listed for dealing with Gemini and meet strict listing policy standards, but are another standard for strategic reservations. Assets must be a solid money with the same valuable value as gold. ”
Coinbase’s Brian Armstrong agreed that “Bitcoin is probably the best choice.”
When the United States chooses more diversity, ARMSTRONG pitches to adopt the market upper limit -weighted cryptocurrency index to eliminate potential prejudice.
source: Brian Armstrong
Gemini’s other co -founder, Tyler’s Twin Cameron Winklevoss, said Bitcoin and potentially Ether only meet the standards for “storage of value protection assets.”
“Maybe Ether Leeum. Digital gold and digital oil. WINKLEVOSS reflects the US physical gold reserves (FORT KNOX, NY Fed, etc.) and oil (strategic oil preliminary). ”Winklevoss said.
Winklevoss added that it would be better to reserve XRP, ADA and SOL instead of actively purchasing in the open market.
Meanwhile, Samson MOW, CEO of JAN3 of Bitcoin Technology Form, said that only task -proof encryption assets should form a cryptocurrency strategy reserve. In addition to Bitcoin, Litecoin (LTC) can be used.
“Preliminary assets must be based on proof of work to ensure the guarantee of fundamental integrity and immutability. Foreign actors can not include steak asset proof because they can simply obtain control by owning assets. ”
Cardano, Ripple executives do not complain
Cardano and Ripple’s executives defended Trump’s decision to include tokens in the Trump administration’s encryption strategy protection area.
Crypto Critic Peter Schiff, when criticized for the inclusion of XRP, refuted Cardano’s founder, Charles Hoskinson: “XRP is a great technology and global standard, and has survived for 10 years through many harsh cycles and is one of the most powerful communities.”
“I think the president made the right decision.”
Ripple’s CEO, Brad Garlinghouse, has long advocated a multitonic American crypto preliminary, similar to Trump’s pitching on March 2.
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Crypto Strategic Reserve follows a few weeks of evaluation in the newly formed practical group of the president of digital assets.
Trump held the first White House encryption summit on March 7 to invite industry leaders to meet the working group’s Bo Heinz and Trump’s AI and encryption Czar David Sacks to discuss regulatory policies and stablecoin.
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