Ripple CEO Brad Garlinghouse has revealed that he had discussions with President Donald Trump about making XRP part of the US’ strategic reserve. Garlinghouse mentioned that the U.S. reserve ought to embrace a various array of cryptocurrencies, somewhat than solely counting on Bitcoin.
Garlinghouse expressed his perception {that a} diversified crypto portfolio would profit the U.S. and assist American crypto firms. He additionally dismissed claims that he was attempting to undermine Bitcoin in favor of XRP, saying that the alternatives within the crypto house are massive sufficient to permit for a number of winners. “The alternatives are so massive, there will probably be many winners,” Garlinghouse mentioned, stressing the significance of diversification. .
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Garlinghouse confirmed that he held discussions with Trump about XRP changing into a US strategic reserve asset. He reiterated that the reserve must be diversified, dismissing claims that he was attempting to harm Bitcoin. “The…
— *Walter Bloomberg (@DeItaone) January 28, 2025
Bitcoin vs XRP
Garlinghouse’s feedback come at a time when the crypto group is split between totally different camps, with Bitcoin maximalists advocating for Bitcoin to be the dominant cryptocurrency. He not too long ago addressed the problem of maximalism, criticizing those that insist on a one-token method. “Maximalism stays the enemy of crypto progress,” he mentioned, stressing that the way forward for crypto depends on cooperation somewhat than competitors.
He additionally mentioned that he owns quite a lot of cryptocurrencies, together with XRP, Bitcoin, and Ethereum. He reiterated that the crypto business ought to work collectively to attain shared targets, somewhat than tearing one another down. “This isn’t, and by no means will probably be, a zero-sum recreation,” he added.
Trump Acknowledges Innovation
Beforehand, Garlinghouse shared his ideas on the connection between the crypto business and Donald Trump. He acknowledged that after a interval of battle, the crypto business has lastly discovered a robust ally in Trump, who has additionally embraced the sector. Garlinghouse mentioned that Trump acknowledges the potential of innovation and entrepreneurship inside crypto, and he’s optimistic about what the long run holds.
Garlinghouse identified that XRP has surged massively because the election, noting that the best-performing crypto property are coming from U.S. firms and applied sciences. He defined that this shouldn’t be a shock, on condition that the U.S. SEC had been making use of stress on these firms.
