President Trump announced the plan to include major cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and Cardano in a U.S. strategic cryptocurrency reserve. This has spiked excitement and also debates.
A crypto commentator Will Baxter criticized the inclusion of XRP. He claimed that Ripple controls over 50% of XRP’s supply and called the decision “pure insanity.” Pro-Ripple lawyer Bill Morgan wasn’t having any of it.
Maybe the person advising him is a little more up to date than you. The amount of XRP in escrow is now down to 37.62 % and the circulating supply is 62.33%. Ripple has a small % of the 62.33% circulating supply.
— bill morgan (@Belisarius2020) March 2, 2025
Stop lying. Trump @realDonaldTrump is too smart to accept your 2017… https://t.co/uCJ6wsHCkr pic.twitter.com/r7k51NV2cu
Ripple Now Holds Only a Little of the Circulating Supply
Morgan quickly fired back with current facts. He pointed out that XRP in escrow is actually just 37.62%, while the circulating supply stands at 62.33%. Morgan made it clear that Ripple only holds a small piece of the circulating supply.
Morgan praised Trump’s decision, suggesting it shows a better grasp of crypto than the critics. “Trump is too smart to accept your 2017 era anti-XRP FUD,” Morgan stated, taking aim at those still pushing outdated views about XRP.
Read Also: 5 Reasons ONDO Could Be the Next Crypto Backed by President Trump
While some critics remain stuck in the past, Morgan suggests that including XRP in the reserve makes perfect sense given today’s crypto landscape. This exchange between Morgan and Baxter reveals needs to move beyond old assumptions and focus on current facts.
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