US crypto reserve no substitute for SEC clarity — Industry exec
Adding altcoins to the national reserve also increases centralization risk, one analyst said.
US President Donald Trump’s plans for a strategic cryptocurrency reserve are good news for the industry, but they are no substitute for clearer regulation, Patrick Young, go-to-market lead at Web3 app Galxe, told Cointelegraph on March 3.
In a March 2 post on the social media platform Truth Social, Trump said he told his administration’s digital assets working group to include XRP (XRP), Solana (SOL) and Cardano (ADA) in a US government crypto stockpile.
He later added Bitcoin (BTC) and Ether (ETH) to that list, stating they would be at the “heart of the reserve.”
