xrp-usd
Olumide Adesina•Tuesday, January 28, 2025•1 min read
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Brad Garlinghouse, the CEO of Ripple, disclosed that he spoke with President Trump about XRP as a strategic reserve asset for the United States. He emphasized that US reserves should hold a range of cryptocurrencies, not just Bitcoin.
Brad Garlinghouse favored digital asset reserves that include more than just Bitcoin (BTC) and XRP. “We live in a multichain world, and I’ve argued for a level playing field rather than one token against another.
‘I own XRP, BTC, and ETH,” Garlinghouse stated on X that if a government digital asset reserve is established, it should, in my opinion, be representative of the sector rather than just one token” (be it Bitcoin, XRP, or another one).
President Donald Trump, who supported the idea, stated that his administration will assess whether to establish a national digital asset stockpile.
The cryptocurrency market believes that Bitcoin, the most valuable digital asset on the market and the one with the greatest institutional adoption, could be a possible reserve.
According to traders using the decentralized betting platform Polymarket, there is currently only a 17 percent chance that Trump will approve the project during the first 100 days of his presidency.
However, Garlinghouse opposes the maximalism that positions Bitcoin as the sole worthy contender for a possible national reserve.
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
