Cardano Founder Endorses ADA and XRP as Safe Blue Chip Cryptos, Says Solana Is ‘Mid’

Cardano Founder Charles Hoskinson characterizes XRP and ADA as safe blue chip cryptocurrencies while referring to Solana as mid. Hoskinson made this known during an interview with David Gokhshtein, the host of the Gokhshtein podcast. In the interview , Hoskinson highlighted the possible criteria behind the selection of the assets that will feature in the U.S. crypto reserve.  The U.S. government announced initial support for five cryptos: BTC, XRP, SOL, ETH, and ADA.  ADA and XRP Received High Ratings  Commenting on the selection, Hoskinson expressed confidence that ADA and XRP had better ratings, which led to their inclusion in the reserve.  He highlighted their longevity and resilience, noting that both coins have been in existence for a long time and have survived various challenges, from market downturns to team changes. Despite these challenges, he emphasized that ADA and XRP have continued ranking in the top 10.  Notably, the Cardano founder referred to both assets as ‘safe blue chip cryptos’ based on their resilience and longevity.  Solana Is Mid  However, he described Solana as ‘kinda mid’ because it is neither new nor old. Nonetheless, he acknowledged Solana’s resilience, especially its ability to survive the FTX incident in 2022, which plunged its price to around $8. Interestingly, SOL rebounded from the dust, soaring to an all-time high of $294 in January 2025.  Furthermore, Hoskinson described Solana and Ethereum as the standard for smart contracts in the crypto market. He seemed impressed that the first five digital assets selected for the U.S. strategic crypto reserve include Bitcoin, the two-largest smart contract tokens, and two blue chip cryptocurrencies with strong communities and longevity.  Meanwhile, he questioned which cryptos would be added next, referencing assets like Avalanche and Hedera Hashgraph as examples.  Next Steps?  The Cardano boss recommended establishing a working group to determine the selection criteria for future support. Apparently, the Presidential Working Committee created in January might oversee this process and set the standard for future selection.  Furthermore, he mentioned that this group will also ascertain the asset procurement and management. In particular, the Cardano founder suggested that the U.S. Treasury Department might be in charge of the procurement.  While many aspects of the U.S. crypto reserve remain uncertain, Hoskinson believes they will be addressed in the coming weeks or months.  In the meantime, the industry expects more details about the reserve in the upcoming Crypto Summit, slated for March 7. White House AI & Crypto Czar made this known over the weekend.