March 3, 2025
Schiff And Hoskinson Chime In
While acknowledging Bitcoin’s (BTC) inclusion due to its ‘Digital Gold’ narrative, Schiff stated that while he doesn’t necessarily agree with the idea of a Bitcoin reserve, he at least understands the rationale behind it. He then went on to question why XRP was included as he sees no logic in such a decision.
Source: X (@PeterSchiff)
Meanwhile, Charles Hoskinson defended XRP, calling it a fantastic technology with one of the strongest communities, before going on to say that he believes President Trump has indeed made the right decision by including it.
Trump Remains Undeterred
Apart from his comments on XRP, Schiff also predicted a sharp sell-off for Bitcoin sooner rather than later, suggesting that Trump’s involvement was little more than a bailout for the flagship cryptocurrency.
In any case, the U.S. President remains adamant that not only Bitcoin, but also Ethereum (ETH), Cardano (ADA), Solana (SOL), and XRP be included in all discussions regarding crypto regulations.
