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Former COO of Cardano warns about bias in the United States' cryptocurrency reserve strategy.
The debate about America’s digital asset vault often prioritizes domestically developed cryptocurrencies.
Jerry Fragiskatos, former COO of Cardano, warns that this approach may overlook the superior technology and global nature of blockchain. He emphasizes that the evaluation of digital assets should be based on quality such as security and decentralization, not origin.
Fragiskatos also stated that the inclusion of ADA in the digital asset portfolio would be an important acknowledgment for Cardano, reflecting the evolution in how public agencies evaluate assets. He argued that true interoperability between blockchains needs to address current issues to promote the development of Web3, helping users have a smoother experience and businesses operate more efficiently in a comprehensive digital environment.