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crypto.news 2025-03-24 19:12:41

Pro: Ethereum, Solana key to crypto reserve

The Trump administration’s proposal for a U.S. digital asset stockpile would include coins like Ethereum and Solana and there is valid reason to do so, according to Jim Iuorio While bitcoin’s inclusion in the Bitcoin ( BTC ) strategic reserve , the decision to add Ethereum ( ETH ) and Solana ( SOL ) may have caught many investors by surprise. But their inclusion in the group has logic given the unique advantages each offer in the blockchain space. Iuorio, Managing Director at TJM Institutional Services, noted on Bloomberg TV that Ethereum’s smart contract capabilities and Solana’s superior transaction speeds make them attractive assets. “Ethereum has been praised for its smart contract functionality, which powers a wide range of decentralized applications,” Iuorio explained. “Meanwhile, Solana’s ability to process transactions at higher speeds than most other networks is likely a key factor behind its massive 1,500% rally from late 2023 to January 2025.” You might also like: Bitcoin race intensifies as Pompliano, Saylor address urgency for a reserve Meanwhile, Bitcoin gained 300% during the same time period, while Ethereum rose by just 160%. Naturally, Solana’s performance is the envy of the group. This may have contributed to the creation of new Solana-focused trading products as investors seek superior returns in the crypto space. “The CME Group’s introduction of a solana futures contract reflects growing market confidence in the coin’s long-term potential,” he said. “The ability to hedge risk through futures is a significant step in legitimizing both solana and the broader crypto market.” Why it matters The proposal represents a shift toward a broader acceptance of crypto assets beyond the world’s most valuable and popular cryptocurrency. Once implemented, the reserve would increase institutional interest and investment in Ethereum and Solana. As Iuorio highlighted, “Any step forward in the ability to hedge risk is an important step in validating the coin and the technology it brings to the arena.” Trump’s proposal underscores a growing recognition of blockchain’s evolving landscape and the strategic role that diverse digital assets could play in the financial system. You might also like: U.S. government holds $16B in Bitcoin, eyes 1m BTC under new bill

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