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Trump Taps XRP, ADA for US Crypto Reserve, Ripple and Cardano Finally Get Along

Trump Taps XRP, ADA for US Crypto Reserve, Ripple and Cardano Finally Get Along

CoinEditionCoinEdition2025/03/02 16:00
By:Ikemefula Aruogu

David Schwartz and Charles Hoskinson exchanged pleasantries on X. Both individuals appreciated each other’s work in the blockchain industry. Trump’s recent crypto reserve revelation triggered a friendly conversation.

  • David Schwartz and Charles Hoskinson exchanged pleasantries on X.
  • Both individuals appreciated each other’s work in the blockchain industry.
  • Trump’s recent crypto reserve revelation triggered a friendly conversation.

Ripple CTO David Schwartz and Cardano founder Charles Hoskinson exchanged pleasantries on X for the first time in many years after President Donald Trump’s latest announcement on the US crypto stockpile. 

Both suggested that the long-running rift between the XRP community and Hoskinson may have ended.

Hoskinson’s recent appreciation of XRP’s authenticity surprised Schwartz, who replied to the Cardano founder’s post asking if he was dreaming. Hoskinson applauded the XRP technology in the post, describing it as a global standard that has survived many harsh cycles for a decade.

Related: Donald Trump’s Shift from Bitcoin Reserve to a ‘Broader’ Crypto Plan Sparks Debate

Hoskinson Defends XRP’s Place in Trump’s Reserve 

Hoskinson argued that XRP’s solid community and other merits backed President Trump’s plan to include it in the US crypto reserve. His comment challenged Peter Schiff, a prominent crypto critic, who questioned the wisdom of an XRP reserve.

Besides Hoskinson’s response to Schiff, renowned crypto lawyer Bill Morgan added that the court’s decision that XRP is not a security provided legal clarity about the cryptocurrency and boosted its status in the crypto world. It is worth noting that Morgan has been one of the frontline XRP supporters since Ripple’s legal challenges with the SEC.

Mutual Respect for Each Other’s Projects

Schwartz and Hoskinson extended their goodwill by complementing each other’s projects. Hoskinson applauded Schwartz’s effort on the XRP project after spending time with the code and protocol for the Glacier Drop. Meanwhile, Schwartz commended Hoskinson’s achievements on new tech, with a focus on privacy. The Ripple CTO highlighted the complexities of that sector of the decentralized technology ecosystem and the challenges regulators pose.

Related: US Crypto Reserve Debate: Bitcoin or Altcoin Inclusion?

On Sunday, President Trump revealed that his Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. Trump’s revelation triggered a surge in the prices of cryptocurrencies, with XRP surging nearly 40% over a short period.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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