Friday, May 9, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • Learn
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • Learn
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

Why Did Trump Choose XRP as One of His Final Altcoins?

Munene Timothy by Munene Timothy
March 6, 2025
in Binance Feed, Market
Reading Time: 4 mins read
Why Did Trump Choose XRP as One of His Final Altcoins
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • Trump’s Crypto Reserve selects XRP, signaling government recognition and strengthening its role in global finance.
  • XRP’s legal clarity and banking focus set it apart from Bitcoin, making it appealing for institutional and governmental use.
  • Skeptics question political motives behind XRP’s inclusion, citing Ripple’s lobbying and ties to Trump’s campaign.

Former U.S. President Donald Trump recently announced the creation of a Crypto Strategic Reserve, selecting XRP as one of the few digital assets included. This decision is significant for XRP, elevating its role within the financial system. 

Unlike Bitcoin and Ethereum, XRP’s focus on cross border payments and banking partnerships makes its inclusion unique. The move positions XRP as a government recognized asset, showing its legitimacy in financial markets.

Related articles

Cardano Under Pressure Ethereum's Pectra Upgrade Could Impact ADA

Cardano Under Pressure: Ethereum’s Pectra Upgrade Could Impact ADA

May 8, 2025
Celestia (TIA) Price Prediction for May 9 Can Support at $2.60 Hold

Celestia (TIA) Price Prediction for May 9: Can Support at $2.60 Hold?

May 8, 2025

XRP’s Political and Financial Ties to Trump

Ripple, the company behind XRP, has maintained strong political connections. Its CEO, Brad Garlinghouse, met with Trump a few months ago, later sharing a photo from their dinner. 

🚨Ripple CEO Brad Garlinghouse is at Mar-a-Lago with President-Elect Donald Trump. pic.twitter.com/U8OezwFwAj

— Benny Johnson (@bennyjohnson) January 8, 2025

Ripple has also been active in crypto lobbying, reportedly donating $45 million to influence U.S. elections. According to OpenSecrets, these efforts aimed to advance the broader crypto industry’s interests.

Legal clarity surrounding XRP may have influenced Trump’s decision. The company has faced a legal battle with the SEC over whether its XRP sales constituted an unregistered securities offering. 

While Ripple largely prevailed, the SEC secured a partial victory with its appeal on January 15th 2025. With this legal outcome, XRP gained more certainty in the regulatory sector, making it an appealing choice for institutional and governmental consideration, though there is still uncertainty.

XRP vs. Bitcoin: A Comparative Advantage

Analysts and industry figures quickly reacted to XRP’s inclusion in the reserve. Charles Hoskinson, Cardano’s founder, defended the selection, emphasizing XRP’s technological resilience. 

Because XRP is great technology, a global standard, survived for a decade through many harsh cycles, and has one of the strongest communities. I think the president made the right decision

— Charles Hoskinson (@IOHK_Charles) March 2, 2025

He noted that XRP has endured various market cycles, maintaining its status as a global standard in digital transactions. Legal expert Bill Morgan also noted that courts had ruled XRP was not a security, strengthening its legitimacy.

Comparing XRP to Bitcoin, analyst JackTheRippler pointed out notable differences. XRP processes transactions at 1,500 transactions per second (TPS), far exceeding Bitcoin’s 7 TPS. 

It also boasts low transaction fees, fast three second settlements, and energy efficiency, unlike Bitcoin’s high fees and slow processing times. The XRP Ledger (XRPL) further enhances scalability, making it suitable for global adoption. 

Skepticism and Potential Political Motives

Despite the announcement, some experts questioned the rationale behind XRP’s inclusion. Peter Schiff expressed skepticism, asking why a reserve would need XRP. In response, Hoskinson reiterated XRP’s strong technological foundation and active community support.

Chinese analyst Alex Xu, a research partner at Mint Ventures, raised concerns about political motivations. Xu noted that many assets included in Trump’s reserve had ties to his political activities, including campaign sponsorships and donations. He suggested that these financial contributions might have influenced Trump’s selection process.

While Trump’s move has raised questions, XRP’s placement in the Crypto Strategic Reserve is pivotal. The decision indicates increased institutional trust and raises questions about the broader implications of government involvement in digital assets.

Tags: Ripple (XRP) News

Related Posts

Cardano Under Pressure Ethereum's Pectra Upgrade Could Impact ADA

Cardano Under Pressure: Ethereum’s Pectra Upgrade Could Impact ADA

by Munene Timothy
May 8, 2025

Cardano could face up to an 86% decline as Ethereum's Pectra upgrade resembles past bearish cycles. Whale transactions on Cardano...

Celestia (TIA) Price Prediction for May 9 Can Support at $2.60 Hold

Celestia (TIA) Price Prediction for May 9: Can Support at $2.60 Hold?

by Irene Mukiri
May 8, 2025

Upbit’s listing of TIA could spark fresh buying interest, especially in Asian markets. TIA must break past the $3.00–$3.10 resistance...

Nasdaq’s KIDZ Files to Become Solana Reserve-Focused Public Company

Nasdaq’s KIDZ Files to Become Solana Reserve-Focused Public Company

by Munene Timothy
May 8, 2025

Classover plans to raise funds via 17M shares to acquire, stake, and hold Solana (SOL) as part of its new...

Ethereum Records Second Week of Strong Inflows

Ethereum Records Second Week of Strong Inflows

by Veronicah Peninah
May 8, 2025

Institutional interest surges as ETH records back-to-back weekly inflows of $149M and $187M. Market Inflows Hit $5.5B Over Three Weeks...

VeChain (VET) Builds Momentum Ahead of July’s Stargate Launch Price Outlook for May 9

VeChain (VET) Builds Momentum Ahead of July’s Stargate Launch: Price Outlook for May 9

by Irene Mukiri
May 8, 2025

VeChain gains momentum as Stargate launch and EU MiCAR license boost outlook. VET price holds firm above key support, eyes...

Load More

Recent News

  • Cardano Under Pressure: Ethereum’s Pectra Upgrade Could Impact ADA
  • Celestia (TIA) Price Prediction for May 9: Can Support at $2.60 Hold?
  • Nasdaq’s KIDZ Files to Become Solana Reserve-Focused Public Company
  • Ethereum Records Second Week of Strong Inflows
  • VeChain (VET) Builds Momentum Ahead of July’s Stargate Launch: Price Outlook for May 9

Popular News

  • Will XRP Mirror 2017 or 2021 Analyst Predicts $19 to $45 Price Targets

    Will XRP Mirror 2017 or 2021? Analyst Predicts $19 to $45 Price Targets

    243 shares
    Share 97 Tweet 61
  • Pi Coin’s Strategic Partnership with BNP Paribas Could Redefine Digital Finance

    194 shares
    Share 78 Tweet 49
  • Crypto Market Faces $519M in Token Unlocks: Price Volatility Expected

    194 shares
    Share 78 Tweet 49
  • Is Ethereum’s Decline Just a Phase? Why 2025 Holds Promise

    193 shares
    Share 77 Tweet 48
  • Bitcoin Tops $96K As SUI Rallies and TAO Lags in Uneven Altcoin Recovery

    192 shares
    Share 77 Tweet 48

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Cardano Under Pressure Ethereum's Pectra Upgrade Could Impact ADA
Cardano Under Pressure: Ethereum’s Pectra Upgrade Could Impact ADA
May 8, 2025
Celestia (TIA) Price Prediction for May 9 Can Support at $2.60 Hold
Celestia (TIA) Price Prediction for May 9: Can Support at $2.60 Hold?
May 8, 2025
Nasdaq’s KIDZ Files to Become Solana Reserve-Focused Public Company
Nasdaq’s KIDZ Files to Become Solana Reserve-Focused Public Company
May 8, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • Learn
  • About
  • Contact