Ripple CEO Brad Garlinghouse has challenged the notion that Bitcoin should dominate discussions of a potential U.S. digital asset reserve.
Instead, he advocates for a reserve that represents a diverse range of cryptocurrencies, reflecting the broader ecosystem.
Garlinghouse, who holds XRP, Bitcoin, and Ethereum among other digital assets, has called for a balanced approach. He argues that a government digital reserve should include multiple cryptocurrencies rather than favoring one asset, ensuring fair representation for the growing digital economy.
The debate gained momentum after President Donald Trump floated the idea of creating a national digital asset reserve during his campaign. While Bitcoin’s dominance and institutional backing make it a top contender, analysts suggest that the reserve’s structure remains uncertain. Current market sentiment suggests only a 17% likelihood of Trump approving the reserve within his first 100 days in office, according to Polymarket data.
Garlinghouse’s comments have sparked varied reactions across the crypto community. Supporters see his vision as inclusive, while critics question Ripple’s motives, accusing the company of offloading pre-mined XRP to retail investors. Others, like Altcoin Daily, have called for more in-depth discussions on the topic, while some XRP enthusiasts voiced frustration over the token’s relative performance compared to Bitcoin.
The U.S. government has yet to confirm which digital assets might be included in a reserve. However, a newly formed working group, comprising members from the SEC, CFTC, and other agencies, is tasked with evaluating the feasibility of the proposal. With regulatory and national security implications at stake, the future of this initiative could significantly impact the crypto landscape.
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