Financial Insights That Matter
28th January 2025 – (New York) Brad Garlinghouse, the CEO of Ripple Labs, has emphasised the importance of a diverse U.S. digital assets reserve that encompasses multiple cryptocurrencies, going beyond the realms of just bitcoin (BTC) or XRP.
Expressing his stance, Garlinghouse stated, “I own XRP, BTC, and ETH, among a handful of others – we live in a multichain world, and I’ve advocated for a level-playing field instead of one token versus another. If a government digital asset reserve is created – I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else),” through an X discussion.
Recent remarks by U.S. President Donald Trump indicated a likelihood of assessing the establishment of a national digital asset stockpile, a concept he endorsed during the pre-election period.
While the market anticipates bitcoin’s inclusion due to its dominance and institutional acceptance, Polymarket statistics reveal a mere 17% probability of Trump’s authorization of this initiative within the initial 100 days of his tenure.
Garlinghouse opposes the notion of BTC maximalism and supports a more inclusive approach towards a potential national reserve.
“Maximalism remains the enemy of crypto progress, and I’m very glad to see fewer and fewer folks ascribe to this outdated and misinformed thinking,” Garlinghouse emphasized.
Ripple utilises XRP for cross-border payments and remittances. XRP’s value fluctuated, trading at $3.09 before a slight dip to $2.65 on Monday, as per CoinDesk data.
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