Will the U.S. government hold XRP? Ripple CEO Brad Garlinghouse says that if the United States government were to create a digital asset reserve, it should be “representative of the industry” instead of exclusively holding BTC.
At the end of his message on X, Garlinghouse took a shot at maximalism in the cryptocurrency community, labeling it as “the enemy of crypto progress”. According to Garlinghouse, the number of maximalists in the crypto community is on a decline, which he views as a positive trend.
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
Trump has established a working group that’s evaluating a “national digital asset stockpile”
On January 23, U.S. President Donald Trump signed an executive order establishing a Working Group on Digital Asset Markets. One of the working group’s tasks is to “evaluate the potential creation and maintenance of a national digital asset stockpile”.
Notably, the wording in the executive order doesn’t explicitly mention Bitcoin, but references “digital assets” more broadly. This has caused some controversy in the cryptocurrency community, as there were expectations of Trump announcing a strategic reserve consisting solely of Bitcoin. Due to the wording of the executive order, there is now speculation that cryptocurrencies such as XRP could also be part of the digital stockpile that’s currently under consideration.
Ripple cozies up to Trump administration, sparking XRP speculation
With Trump poised to introduce a regulatory environment that’s much more favorable towards cryptocurrencies, it’s perhaps not too surprising that Ripple is looking to curry favor with the freshly-inaugurated president of the United States. According to reports, Ripple was one of the crypto industry companies that made seven-figure donations to Trump’s inauguration committee following his victory in the U.S. election.
Still riding high from all the Inauguration events in DC this weekend!
From the Crypto Ball, to the VP dinner, to the POTUS dinner, to sitting in the Capitol yesterday – there’s palpable excitement for all the good that’s possible leveraging crypto and blockchain… here in the… pic.twitter.com/VzIVoYuo7v
— Brad Garlinghouse (@bgarlinghouse) January 21, 2025
The price of XRP is up a whopping 504% since Donald Trump’s victory in the U.S. election, and could see further gains if XRP is among the assets included in the national digital asset stockpile. According to our XRP price prediction algorithm, XRP could reach as high as $4.75 in the next 12 months.
Source: https://coincodex.com/article/61902/ripple-ceo-advocates-for-us-crypto-reserve-to-hold-more-than-just-btc/