Donald Trump’s latest move with his Crypto Reserve has caused quite a stir in the crypto community. Instead of the anticipated Bitcoin Reserve, Trump is now looking to stock a national reserve with XRP, Cardano, and other US-based tokens.

However, these assets have seen their weekend gains disappear amidst skepticism from Congress about passing the Reserve bill. This uncertainty suggests that Trump’s plan may not have a significant long-term influence on the market.

XRP and ADA have experienced significant drops of over 20% since the announcement of the US Crypto Reserve featuring a mix of altcoins. This decision has left the markets divided and observers questioning the feasibility of the plan.

Renowned crypto figures have voiced their doubts, with Samson Mow suggesting that the altcoins might not even make it into the reserve due to potential complications. Former BitMEX CEO Arthur Hayes also expressed skepticism, emphasizing the need for congressional approval before any purchases can be made.

Meanwhile, community speculation suggests that Trump may have included XRP and ADA in the plan due to political connections and contributions made to his administration.

Despite the initial excitement over the announcement, the market reaction has been less than favorable, with XRP and Cardano experiencing significant losses. The path forward for Trump's proposed crypto reserve faces various hurdles including congressional approval and bipartisan support.

In conclusion, while Trump’s idea of a crypto reserve may have made headlines, its feasibility and implementation face several challenges ahead.