Is XRP, ADA, and SOL Inclusion in the National Crypto Reserve a Trump Trick?

Omkar suggests that Trump, with his extensive experience in serious negotiations in the field of large real estate, announced cryptocurrencies SOL (Solana), XRP (XRP), and ADA (Cardano) as candidates for the national reserve fund only to achieve approval of Bitcoin as the foundation of the national crypto reserve.

"Ask for more, get what you want" is a well-known negotiating tactic that involves deliberately inflating one's demands to create an atmosphere of pressure on the other side of the negotiations, ultimately creating room for maneuver and making a concession, encouraging the opponent to conclude a deal on the terms that you originally set as your goal.

Donald Trump, who has dedicated his entire life to big business in the field of real estate development, is likely using his usual strategy to ensure the inclusion of Bitcoin (BTC) in the planned US national crypto reserve fund. This goal may also include Ether (ETH).

On March 2 of this year, the US President unexpectedly announced on the social network Truth Social that the tokens SOL, XRP and ADA will be included in the national strategic cryptocurrency reserve along with Bitcoin (BTC) and Ether (ETH).

The cryptocurrency market reacted to this news with noticeable optimism - the total capitalization of crypto assets quickly increased by 11% to more than $ 3 trillion, which in monetary terms amounted to an increase of $ 300 billion.

But by March 3, the bullish rally began to wane amid growing public criticism of Trump, who was accused of ignorance or called a victim of misinformation for lobbying for the inclusion of ADA and XRP coins in the national reserve.

The initial excitement in the crypto community predictably gave way to the understanding that the president still needs to get the US Congress to approve the national reserve of crypto assets, and the idea of ​​​​including ADA and XRP altcoins conflicts with the DOGE agency's strategy aimed at reducing government spending and debt.

"The way this idea is presented is a significant problem. If you add altcoins that are new enough to be given the status of "national strategic assets", you risk being suspected of participating in an insider operation, even if this is 100% not the case. This could cost Trump political points even among crypto enthusiasts,” said Jeff Park, head of alpha strategies at Bitwise Investment Management. Park believes that Donald Trump’s true intention in the crypto space is to understand Bitcoin – and only Bitcoin (BTC).

The collective opinion of many experts boils down to the version that the altcoin idea is precisely part of Trump’s negotiating strategy, using it as a battering ram, a tactic of “extreme demands” in order to defeat the opposition in Congress and provide arguments of influence in negotiations on the creation of a national reserve of digital assets of the country.

Ilan Solot, senior global market strategist at Marex Solutions, wrote in a note to clients titled "Curb Your Enthusiasm": "This statement by Trump is likely just his usual negotiating ploy. In other words, Donald Trump is proposing to include XRP, SOL, and ADA in the national reserve only to ensure approval for BTC (and possibly ETH) as the foundation of the strategic fund."

Solot also emphasizes that the government will keep the seized cryptocurrency, but the chances of buying new Bitcoin do not exceed 50%. At the same time, the probability of buying Ether (ETH) is low, but not zero, and the chances of altcoins getting into the crypto reserve are almost zero.

Opponents of the idea of ​​including XRP and ADA in the reserve argue their criticism by the lack of representation of these tokens in the real world and their low degree of applicability, far from Ethereum (ETH) and Solana (SOL), which actively support financial transactions with their stablecoins.

In addition, CME Group Inc. (Chicago Mercantile Exchange Group) has not yet announced plans to list ADA and SOL derivatives, which may be due to the influence of opponents of the idea of ​​​​including altcoins in the national reserve fund. It is also worth considering the fact that before approving the Bitcoin and Ethereum spot ETFs, the SEC approved ETFs investing in BTC and ETH derivatives listed on the CME, leaving the responsibility for eliminating issues with quote manipulation to the Chicago Mercantile Exchange monitoring system.