Which Crypto Assets Belong in a Reserve? This VC Says Not XRP and ADA - Ep. 796

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 7 March 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Trump’s latest crypto moves have sent the market on a rollercoaster. First, he posted on Truth Social that a U.S. crypto reserve would include XRP, Solana, and Cardano. A couple hours later, he had to clarify that Bitcoin and Ethereum would also be included. The market jumped 12%—only to crash the next day. Meanwhile, the White House crypto summit is happening Friday, and not everyone is happy with the guest list. Some say it’s a step toward real regulation, while others argue that without DeFi voices, it’s just a meeting of centralized players. So what does it all mean? David Nage, VC at Arca, joins Unchained to talk about: 4:55 Why David is unfazed by crypto’s swings around Trump’s reserve posts 9:03 David’s take on Cardano and XRP being named for the crypto reserve list 18:11 Why he thinks Bitcoin is a strong candidate for a national reserve asset 22:52 Why David isn’t impressed with the guest list at the White House Crypto Summit 26:26 Why the markets have been struggling—and what could finally turn things around 28:52 News Recap Will real crypto policy changes emerge from this? Or is this just another distraction in a year full of big promises? Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! BitKey: Use code UNCHAINED for 20% off Mantle Guest David Nage, VC Portfolio Manager at Arca Links Unchained: Why Trump May Have Chosen This Week to Announce a Strategic Crypto Reserve Cardano Founder Charles Hoskinson Is Not Invited to White House Crypto Summit How Did Ripple Sell Trump on XRP in a Crypto Reserve? By Pushing for Solana Trump Is Having Second Thoughts About His Crypto Council David’s tweet on Cardano and Ripple Eleanor Terrett’s tweet with the Crypto Summit guest list David Sacks’ tweet saying that the government lost almost $17 billion Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I've noticed thousands of you regularly listen to the podcast, but not many of you have left a five-star review or hit subscribe.
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0:19.0	And don't forget, your review may make it onto the show.
0:22.6	Am I thrilled that a bunch of centralized exchanges are going to be present?
0:26.0	Not necessarily, because I don't believe that they represent the true innovation of digital assets and crypto.
0:30.8	Would I like to have seen decentralized exchanges potentially present there?
0:34.2	Yes, because that gives them a different view of the market.
0:48.3	Would I have liked to have seen more people that have had a backing or a relevance in the regulatory side of things like a Katie Hawn or Rebecca Riding? Rebecca has been at the forefront of this for years and I think she would have been a brilliant cast of characters into this.
0:53.3	Hi, everyone. this for years, and I think she would have been a brilliant cast of characters into this.
1:01.7	Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I'm your host,
1:06.7	Laura Shin. We are now featuring quotes from listeners on the show. Today we have one from Purple Pepe on X, commenting on my interview with Barra Chain's Smokey the Barra. Purple Pepe
1:12.1	said, quote, Barra Chain, the crypto rebel. Sold VCs the dream, now it's a messy reality. Ribbit
1:18.7	to have your comment featured, write a review of the podcast overall, or leave a comment on our
1:24.0	video on YouTuber X. This is the March 7th, 2025 episode of Unchained.
1:30.2	Imagine an AI that speaks crypto and does the work of a team of analysts. Introducing Focal
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1:55.1	Get 20% off with code unchained.
1:58.4	Mantil is building the future of on-chain finance. Experience its enhanced index fund,
2:03.7	Mantle banking, and MantleX. Visit group.m.xy-Z to learn more.
2:10.0	Hey, all, a quick note before we begin. David and I recorded this episode Thursday afternoon,
2:16.0	but at 7 p.m. Thursday evening, AI and Cryptozar
	...

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