Coinspeaker
Ripple Forms National Cryptocurrency Association to Educate Americans on Crypto
Ripple has established a non-profit organization, the National Cryptocurrency Association (NCA), focused on educating Americans about cryptocurrency. The NCA plans to offer resources like educational materials, real-life user stories, and crypto statistics to help demystify the world of digital assets.
NCA Aims to Bridge the Gap in Crypto Education
Stu Alderoty, the NCA’s president and Ripple’s chief legal officer, explained that the initiative aims to make crypto more approachable for everyday people. He pointed out that while crypto is becoming more mainstream, there is still a significant gap in understanding, and a one-stop educational resource is needed for the millions of Americans using crypto.
The NCA website will answer fundamental questions about crypto, such as “What is crypto?” and “Why should I care?” It will also address common concerns, including how to avoid scams and fraud, given the industry’s history of challenges.
The organization aims to set itself apart from other crypto organizations like Stand with Crypto and the Blockchain Association by focusing on education and avoiding political or lobbying ties. According to Stu Alderoty, NCA’s president, the organization is committed to representing the interests of everyday Americans who use crypto, rather than advocating for specific companies or protocols.
The NCA’s mission is to provide clear, accessible information to those curious about crypto, especially as the U.S. shifts toward a more crypto-friendly stance. Alderoty believes that as crypto becomes more mainstream, more Americans will seek education on the subject.
Trump’s Growing Support for Crypto and Strategic Reserve Plans
Crypto has become a growing priority for President Trump, who shifted from criticizing the industry to fully embracing it during his 2024 campaign. He appointed David Sacks, a venture capitalist, as his crypto and AI czar, tasking him with creating a legal framework for the industry’s future in the U.S.
On March 2nd, Trump unveiled his plans to create a crypto strategic reserve, which would feature XRP Ledger
XRP
$2.60
24h volatility:
4.9%
Market cap:
$150.66 B
Vol. 24h:
$5.29 B
, Solana
SOL
$147.1
24h volatility:
2.0%
Market cap:
$74.86 B
Vol. 24h:
$4.87 B
, Cardano
ADA
$0.93
24h volatility:
3.3%
Market cap:
$33.50 B
Vol. 24h:
$2.58 B
, Bitcoin
BTC
$89 539
24h volatility:
0.2%
Market cap:
$1.78 T
Vol. 24h:
$48.30 B
, and Ethereum
ETH
$2 245
24h volatility:
2.0%
Market cap:
$271.24 B
Vol. 24h:
$20.23 B
. XRP is Ripple’s native token.
The announcement has drawn mixed reactions within the crypto space. Ripple CEO Brad Garlinghouse welcomed the idea, commending Trump’s “vision of a government digital asset reserve that reflects the industry.”
However, some industry figures, such as Tyler Winklevoss, co-founder of the Gemini exchange, disagreed. Winklevoss argued that Bitcoin is the sole cryptocurrency appropriate for a strategic reserve, excluding the others.
Ripple Forms National Cryptocurrency Association to Educate Americans on Crypto
