- Ripple CEO Brad Garlinghouse supports Trump’s announcement of a Crypto Strategic Reserve.
- He stresses industry collaboration and criticizes past regulatory approaches.
- The reserve aims to position the U.S. as a leader in the global crypto market.
Ripple CEO Brad Garlinghouse has welcomed President Donald Trump’s announcement of a Crypto Strategic Reserve, which will include XRP and other leading cryptocurrencies.
He emphasized that the crypto industry can only advance if it chooses collaboration over infighting. He also urged the community to move beyond a maximalist outlook.
“I’ve said this before—the crypto industry will achieve our goals (and beyond) if we work together,” Garlinghouse stated. He praised Trump’s inclusive plan, noting that it recognizes multiple blockchains, unlike earlier SEC policies under the Biden administration.
Trump Pushes for U.S. Crypto Leadership
Trump’s Crypto Strategic Reserve aligns with Executive Order 14178. He issued this directive in his first week to solidify the United States’ position as the “Crypto Capital of the World.”
Posting on X yesterday through Truth Social, Trump claimed that forming a U.S. Crypto Reserve will fortify the industry after what he called “corrupt attacks” under the prior Biden administration.
He explained that his Executive Order on Digital Assets directed the Presidential Working Group to advance plans for a Crypto Strategic Reserve. This will include XRP, Solana, and Cardano (ADA). Trump later mentioned that BTC and ETH would be key to the reserve.
Related: Differing Paths: Georgia Advances Bitcoin Reserve Bill — SB 228, Montana Rejects
Industry Responses to Trump’s Plan
Trump’s Crypto Strategic Reserve plan sparked debate. Some prefer a Bitcoin-exclusive approach, while others endorse a multi-asset reserve.
Coinbase CEO Brian Armstrong proposed a market cap-weighted index if not a BTC-only scheme.
Meanwhile, Eric Trump praised the Sunday timing when traditional markets are closed. He argued that it gives retail investors an edge over Wall Street.
Crypto trader Bluntz dismissed the idea of a multi-asset reserve, saying a reserve should be BTC-only, calling the inclusion of other cryptocurrencies “hilarious.” However, Altcoin Daily countered, insisting the move proves crypto’s long-term presence.
Related: Expert Says Bitcoin Strategic Reserve Will Happen, Sets BTC Price Target at $180K
Bitcoin, XRP, and Others Surge
Hours into the news, Bitcoin rose by 10% to trade above $95,000. XRP price also witnessed a 30% uptick to trade at $2.90. Solana also recorded a 24% surge to $174.
Meanwhile, ADA saw the biggest price action, jumping by 61% to trade above $1. Ethereum’s price also skyrocketed by 11% to reach $2,456.
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Source: https://coinedition.com/ripple-ceo-backs-trumps-xrp-inclusion-in-us-crypto-reserve-calls-for-industry-unity/