Ripple XRP

Garlinghouse Pushes for XRP in U.S. Reserve, Criticizes Bitcoin Maximalism

Ripple CEO Brad Garlinghouse has revealed that he recently engaged in discussions with former President Donald Trump about the possibility of integrating XRP into the United States’ strategic reserve. Garlinghouse emphasized that the U.S. should consider building a diversified crypto portfolio rather than relying solely on Bitcoin. His comments come amid growing debates within the crypto community about the role of different digital assets in shaping the future of finance.

Garlinghouse believes that a diverse selection of cryptocurrencies would benefit the U.S. economy and foster growth for American crypto companies. He stressed that the crypto space offers vast opportunities, allowing multiple assets, including Bitcoin and XRP, to coexist and thrive. “The opportunities are so large, there will be many winners,” Garlinghouse remarked, dismissing claims that his advocacy for XRP was intended to undermine Bitcoin.

The CEO also weighed in on the ongoing Bitcoin maximalist debate, a faction that supports Bitcoin as the only legitimate cryptocurrency. Garlinghouse criticized this “one-token” mentality, calling maximalism the “enemy of crypto progress.” He further emphasized that the success of the crypto industry depends on cooperation, not competition, and that the future of crypto should be inclusive, not exclusive.

Garlinghouse’s stance reflects his broader belief in a collaborative crypto ecosystem. In a recent interview, he revealed that he owns a variety of cryptocurrencies, including Bitcoin, Ethereum, and XRP, reiterating that a thriving crypto industry is one where all assets can flourish. “This is not, and never will be, a zero-sum game,” he added.

Also Read: Ripple CEO Brad Garlinghouse Advocates for Multichain U.S. Digital Asset Reserve Beyond Bitcoin and XRP

Trump, once a skeptic of cryptocurrencies, has recently become a strong ally of the industry. Garlinghouse noted that Trump recognizes the transformative potential of innovation and entrepreneurship in the crypto sector, which could help drive the U.S. economy forward. As XRP has seen significant growth, especially post-election, Garlinghouse sees the U.S. crypto landscape as ripe for further success, despite regulatory challenges from the SEC.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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