JPMorgan: The likelihood of approval for the U.S. strategic cryptocurrency reserve is less than 50%

ChainCatcher message, according to JPMorgan, the likelihood of approval for the U.S. strategic cryptocurrency reserve is less than 50%, and tokens like XRP, Solana (SOL), and Cardano (ADA) are unlikely to be included.

Nikolaos Panigirtzoglou, Managing Director of Global Market Strategy at JPMorgan, stated in an interview: "We believe that the approval of the U.S. strategic cryptocurrency reserve is not the most likely scenario (assuming congressional approval is needed). Therefore, we think the likelihood is less than 50%."

He added: "If the U.S. strategic cryptocurrency reserve is ultimately approved, it would be difficult to include smaller tokens beyond Bitcoin and Ethereum, as we pointed out in our report, including these tokens could raise more concerns about risks and volatility."

The report also noted that similar state-level Bitcoin reserve proposals have failed in Montana, North Dakota, South Dakota, and Wyoming, where local legislators raised concerns about risks and volatility.