US Crypto Reserve? Unlikely, Says JPMorgan—XRP, SOL, ADA May Be Excluded
JPMorgan is skeptical about the likelihood of a U.S. strategic crypto reserve, citing congressional approval as a major hurdle. The bank believes approval chances are below 50% and warns that including smaller tokens like XRP, SOL, and ADA would raise concerns about risk and volatility.
While crypto markets initially surged after President Trump’s proposal, analysts quickly questioned its feasibility. JPMorgan also pointed to past failures of similar initiatives in U.S. states and global central banks’ reluctance toward crypto reserves. The White House plans to discuss the proposal further at its upcoming crypto summit on March 7.
Clever Robot News Desk 8th March 2025
