JPMorgan Questions Viability of US Crypto Reserve, Cites Issues With Smaller Tokens
Posted On March 6, 2025
A senior JPMorgan Chase & Co (NASDAQ:JPM) strategist voiced doubts about the feasibility of establishing a U.S. strategic cryptocurrency reserve, pegging its chances of approval at below 50% and raising concerns about including tokens such as XRP (CRYPTO: XRP), Solana (CRYPTO: SOL) and Cardano (CRYPTO: ADA).
Nikolaos Panigirtzoglou, who oversees global market strategy at the bank, shared this perspective with The Block, noting that legislative support remains uncertain.
President Donald Trump‘s recent suggestion to incorporate these digital assets alongside Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:
About The Author
