JPMorgan: US Crypto Reserve Unlikely—XRP, SOL, ADA Face Uncertainty
- JPMorgan warns against the likelihood of a U.S. strategic crypto reserve.
- The banking giant highlights major hurdles for smaller tokens like XRP, SOL, and ADA.
- Approval for such a reserve is deemed unlikely by JPMorgan.
JPMorgan has expressed skepticism about the establishment of a U.S. strategic crypto reserve, citing significant challenges for smaller cryptocurrencies such as XRP, SOL, and ADA. The approval of this initiative is considered improbable by the bank.
Source (2.6)https://news.bitcoin.com/jpmorgan-us-crypto-reserve-unlikely-xrp-sol-ada-may-not-make-the-cut/?rand=52384