XRP Issuance Should Be Under Regulatory Framework – Crypto News – Crypto News
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Michael Saylor: XRP Issuance Should Be Under Regulatory Framework Michael Saylor: XRP Issuance Should Be Under Regulatory Framework

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XRP Issuance Should Be Under Regulatory Framework – Crypto News

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Michael Saylor, the executive chairman of Strategy (MSTR) has recently shared his view on US strategic reserves, and his take on the inclusion of Bitcoin and altcoins. When particularly asked about XRP, Saylor referred to it as a token, adding that its issuance should happen under the regulatory framework. US President Donald Trump signed the executive order for Bitcoin strategic reserves while also including altcoins like ETH, XRP, SOL, and ADA, basically including all America-based crypto assets.

Michael Saylor Calls for US Crypto Reserve and Regulatory Framework

During his recent interview with Fox Business, Strategy executive chairman Michael Saylor expressed his views on US strategic reserves, including prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).

During a recent interview, a Fox reporter highlighted XRP’s connection to Ripple, sparking further discussion on regulatory measures. Responding to the comment, Saylor emphasized the need for clarity in the crypto space:

“I think those are tokens, and we should have a regulatory framework that allows those to be issued,” said Saylor.

When the interviewer asked Michael Saylor whether altcoins like XRP, SOL, etc. should be in the US reserves, he responded by saying that the emerging consensus is that Bitcoin should only be the strategic reserve for the long term.

Saylor on Upcoming Crypto Summit

This Friday, the White House is hosting the inaugural Crypto Summit after Donald Trump took charge in January. Commenting on the financing of the US crypto reserves, Saylor stated that it would be a six-month process, which will have 12 members from the Presidential working committee involving those from the industry, the Senate, and the House. Saylor is also among the confirmed attendees for the event.

Saylor says that the US government should move ahead slowly and steadily in building its Bitcoin reserves while gaining clarity for the asset class and maintaining transparency with American citizens. Michael Saylor also stressed the importance of stablecoins to maintain US Dollar supremacy as well as the tokenization of assets like stocks and bonds.

Is ADA Out of US Reserves?

Among the attendees, the name of Cardano founder Charles Hoskinson was missing. This has sparked speculations about whether Trump will withdraw ADA from the list of crypto reserves. Industry veterans have also voiced opinions against the same. Gemini co-founder Tyler Winklevoss recently noted:

“I have nothing against XRP, SOL, or ADA but I do not think they are suitable for a Strategic Reserve. Only one digital asset in the world right now meets the bar and that digital asset is Bitcoin”.

More clarity will emerge at the upcoming Crypto Summit on Friday. Just a day before, Donald Trump’s DeFi project World Liberty Financial purchased $20 million of Bitcoin and Ethereum.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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