{"id":16466,"date":"2025-03-06T12:02:09","date_gmt":"2025-03-06T12:02:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16466"},"modified":"2025-03-06T12:02:09","modified_gmt":"2025-03-06T12:02:09","slug":"ripple-pushed-solana-into-trumps-crypto-reserve-a-shady-power-play","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16466","title":{"rendered":"Ripple Pushed Solana Into Trump\u2019s Crypto Reserve: A Shady Power Play?"},"content":{"rendered":"
\n

On Sunday, US President Donald Trump unveiled<\/a> a Strategic Crypto Reserve featuring multiple digital assets: Bitcoin, Ether, XRP, Solana (SOL), and Cardano (ADA). Many observers were initially surprised to see altcoins\u2014particularly XRP, SOL, and ADA\u2014in a federal-level announcement once presumed to revolve solely around Bitcoin. Now, new revelations from Unchained suggest<\/a> that Ripple may have brokered the inclusion of Solana through backdoor lobbying to bolster XRP\u2019s credibility in the eyes of policymakers and the crypto community.<\/p>\n

Has Ripple Pushed SOL And ADA Into The Reserve?<\/h2>\n

A report by Unchained suggests that Ripple Labs executives championed Solana\u2019s addition in an effort to avoid suspicion that President Trump\u2019s reserve would only benefit XRP. According to two sources familiar with the matter, Ripple CEO Brad Garlinghouse and Chief Legal Officer Stu Alderoty pitched the White House on the importance of having multiple US-based tokens in any federally endorsed crypto basket.<\/p>\n

Several commentators say Ripple knew it would look questionable to promote a reserve that included XRP but not other high-profile altcoins. One analyst pointed to the fact that Solana and Cardano are widely perceived as more neutral or \u201ccommunity-driven\u201d than XRP, which has been the subject of ongoing speculation about the scale and legitimacy of its usage.<\/p>\n

Notably, many observers found it odd that Trump did not mention Bitcoin and Ether in his first public post on Truth Social, especially given their top market status. By contrast, XRP, SOL, and ADA were explicitly named first. This sequence seemed at odds with market norms and has led to more questions about what the Trump administration\u2019s real intentions might be.<\/p>\n

When pressed for clarity on whether Ripple had specifically recommended Solana be added to make XRP\u2019s place in the reserve more palatable, a Ripple press representative referred reporters to a Sunday tweet by CEO Brad Garlinghouse.<\/p>\n

\u201cI\u2019ve said this before \u2013 the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump\u2019s vision of a govt digital asset reserve representative of the industry. Maximalism is the enemy of the industry\u2019s progress. Glad to see POTUS recognizing we live in a multichain world and that we\u2019re finally moving past Bill Hinman and the Biden administration\u2019s SEC\u2019s very broken thinking. I will certainly continue to champion this while in Washington at the end of this week.\u201d<\/p>\n

Notably, Solana co-founder Anatoly Yakovenko is bluntly skeptical of the concept of a government-controlled crypto reserve. Via X, he posted<\/a>:<\/p>\n

\n

\u201cMy reserve order of preference<\/p>\n

No reserve, because if you want decentralization to fail you\u2019d put the government in charge of it.
\nOr states run their own reserve as a hedge against the fed making a mistake
\nOr if there has to be a reserve, it\u2019s based on objectively measurable requirements. \u2026 If there is a target to beat, the solana ecosystem will get it done.\u201d<\/p>\n<\/blockquote>\n

Related Reading: Ripple Negotiating Hard? Lawyer Thinks It\u2019s Causing SEC\u2019s Case Resolution<\/a><\/p>\n

When pressed by Unchained\u2019s Laura Shin, Yakovenko later added that he had no knowledge of Solana being pitched by anyone, especially from Ripple, saying, \u201cWhat\u2019s a Solana representative? At this point it\u2019s honestly like saying a bitcoin representative. No one asked me, and I didn\u2019t pitch it.\u201d<\/p>\n

Meanwhile, Charles Hoskinson, founder of Cardano, echoed<\/a> a similar sentiment in a March 5 video: \u201cWe knew nothing about ADA being selected for the reserve. It was news to me.\u201d This leaves room for speculation that Ripple also pushed ADA into the reserve with the same reason, only to lend credibility to their own interest, the inclusion of XRP.<\/p>\n

Hoskinson described learning of ADA\u2019s inclusion only after receiving hundreds of congratulatory messages, explaining that any potential attempt to engage with the White House before the announcement never materialized: \u201cWe never even knew about it, and nobody even talked to us about it,\u201d he added.<\/p>\n

As speculation mounts, industry insiders now eagerly await the first Crypto Summit at the White House<\/a> on Friday. This event is expected to yield more details on the composition and procurement strategy of the crypto reserve. Commerce Secretary Howard Lutnick hinted that the focus could be primarily on Bitcoin:<\/p>\n

\u201cA Bitcoin strategic reserve is something the President\u2019s interested in. He spoke about it all during the campaign trail, and I think you\u2019re going to see it executed on Friday. So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently\u2014positively, but differently.\u201d<\/p>\n

At press time, XRP traded at $2.58<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

On Sunday, US President Donald Trump unveiled a Strategic Crypto Reserve featuring multiple digital assets: Bitcoin, Ether, XRP, Solana (SOL), and Cardano (ADA). Many observers were initially surprised to see altcoins\u2014particularly XRP, SOL, and ADA\u2014in a federal-level announcement once presumed to revolve solely around Bitcoin. Now, new revelations from Unchained suggest that Ripple may have […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16466","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16466"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16466\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}