As President Donald Trump’s administration prepares to adopt a Bitcoin Reserve, Ripple CEO Brad Garlinghouse has advocated for a more diversified approach, without focusing solely on a single cryptocurrency.
Ripple CEO: Crypto Reserve Instead of Only Bitcoin Reserve
Garlinghouse voiced his concerns over the US government’s plan to establish a national crypto asset reserve, arguing against a Bitcoin-only strategy. Instead, he recommended a broader reserve that includes not just Bitcoin but also Ripple (XRP) and Ethereum (ETH) to ensure a more balanced and fair crypto policy.
Some thoughts on maximalism… let me say this as clearly as I can – the crypto industry has a real shot, here and now, to achieve the many goals we have in common, IF we work together instead of tearing each other down. This is not, and never will be, a zero-sum game.
• I own…
— Brad Garlinghouse (@bgarlinghouse) January 27, 2025
Despite Ripple’s growing influence in the United States, Garlinghouse reiterated the company’s commitment to the concept of a multi-chain future and cooperation in the field of cryptocurrency. He wrote in a post on X, “Let me make it as clear as possible – if we work together instead of undermining each other, the crypto industry now has the opportunity to achieve many of the goals we share. This is not, and will never be, a zero-sum game.”
Garlinghouse added that he owns a handful of tokens like XRP, BTC, and ETH as he emphasized the importance of a diversified approach, “we live in a multi-chain world and I advocate fair competition, not one token against another; if a government crypto reserve is created” . He added that the US crypto reserve should represent the entire industry, and not just one crypto asset (whether it’s BTC, XRP, or any other cryptocurrency). Calling maximalism “the enemy of crypto progress”, Ripple CEO said, “I’m glad to see fewer and fewer people agreeing with this outdated and wrong idea.”
Garlinghouse’s suggestions come on the heels of a largely overlooked yet significant debate: Bitcoin Maximalists vs. Crypto. While cryptocurrency as a whole promotes decentralization, Bitcoin maximalists remain staunchly loyal to Bitcoin alone—primarily due to its proof-of-work mechanism and the anonymity of its creator, Satoshi Nakamoto.
When compared to cryptocurrencies like Ethereum or XRP, many Bitcoiners argue that the proof-of-stake mechanism undermines true decentralization. Although this underlying skepticism among maximalists is not widely discussed, it remains a prevalent sentiment.
Nevertheless, with several US states already introducing Bitcoin reserves, the prospect of Trump’s stance on a Bitcoin or Crypto Reserve remains something to watch out for.
Speaking of crypto market trends, Bitcoin is currently trading at $102,985.01 after a surge of 2.68%, Ethereum is trading at $3,212.28 after going up by 1.74%. Ripple on the other hand, is trading at $3.13 after a jump of 5.52%.
Also Read: Ripple Requests Extended Deadline For Legal Brief in SEC Appeal Case
Source: https://www.cryptonewsz.com/ripple-ceo-urges-diversified-us-crypto-reserve/