David Edwards
Brad Garlinghouse, the CEO of Ripple, revealed that he discussed adding XRP to the US strategic reserve with President Donald Trump. He maintained that a diverse cryptocurrency portfolio that included more than just Bitcoin would help domestic blockchain businesses and improve U.S. financial status.
Garlinghouse emphasized that there is space for several victors in the cryptocurrency space and denied rumors that his support for XRP was an effort to lessen the significance of Bitcoin. He emphasized the significance of diversification in national cryptocurrency ownership by saying, “The opportunities are so large, there will be many winners.”
Trump’s Election Win Is “Profound” for Crypto, Says Garlinghouse
Garlinghouse defended his position against Bitcoin maximalism and restated his conversations with Trump regarding the creation of XRP as a strategic reserve asset. He declared, “Maximalism is still the enemy of crypto progress,” and urged the sector to embrace cooperation rather than division.
Additionally, he disclosed that he personally owns a range of cryptocurrencies, such as Bitcoin, Ethereum, and XRP, confirming his conviction that collaboration, not a zero-sum game, is where cryptocurrency’s future resides.
Trump’s Increasing Encouragement of Innovation in Crypto
Garlinghouse saw Trump as a powerful ally of digital assets and observed a change in the connection between the crypto industry and the president. He said that Trump’s recognition of entrepreneurship and innovation in the blockchain area has increased market confidence.
The notable increase in XRP since Trump’s election victory is indicative of a general sense of optimism toward cryptocurrency businesses centered in the United States. Reduced regulatory pressure, especially from the U.S. Securities and Exchange Commission (SEC), which had previously targeted American crypto businesses, was the reason given by Garlinghouse for this.
Discussions on incorporating cryptocurrency into U.S. financial policy are gaining traction due to Trump’s administration’s growing embrace of digital assets, which might change the crypto landscape globally.
