Ripple CEO Brad Garlinghouse has reportedly confirmed discussions with President Donald Trump regarding XRP in the U.S. strategic crypto reserve. This news was shared on the NCashOfficial YouTube channel where the analyst tried to answer what this could mean for XRP and its role in the American financial landscape.
The analyst started by addressing the post from The Wolf of All Streets, which stated that Bitcoin and XRP could be part of the digital asset reserve. He noted that this news was not well received by the Bitcoin maximalists, who have been vocal in their disbelief, dismissing XRP as a scam and questioning Ripple’s motives.
Why XRP Role Is Important in the U.S. Crypto Reserve
Garlinghouse’s direct discussions with President Trump show a potential policy shift towards a more diverse crypto reserve, moving beyond Bitcoin exclusivity. He emphasized the need for cryptocurrencies within the reserve to bolster American crypto companies and enhance the U.S.’s position in the global blockchain market. Garlinghouse stated, “I have spoken directly with the president on some of these things, and the president understands the technology. He wants to be the crypto president of the United States.”
The rationale for including XRP in such a reserve is multifaceted. XRP is one of the few major cryptocurrencies with significant U.S. origins, America to strengthen its blockchain dominance. According to Garlinghouse, “XRP stands out as the strongest candidate for a U.S. strategic crypto reserve because of its unique combination of U.S. origin, global adoption, and robust infrastructure.”
Moreover, Ripple’s existing infrastructure, particularly its custody platforms for major banks and its role in cross-border payments, positions it as a potential backbone for a U.S. digital financial system. This could enable XRP to be part of a strategic reserve and serve as a bridge currency in international transactions, especially if governments begin to issue or adopt stablecoins.
The conversation around a diversified crypto reserve isn’t limited to the U.S.; other nations, like Bhutan, have already implemented such strategies, creating baskets of digital assets to spread risk and capitalize on the strengths of various blockchain technologies. The idea of a U.S. reserve that includes assets like XRP, Cardano, and HBAR, as suggested by industry figures such as the CEO of Morgan Creek Capital, indicates a trend toward recognizing the broader utility of blockchain technology beyond Bitcoin.
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As the U.S. considers its position in the digital asset arena, the dialogue surrounding XRP inclusion in a strategic reserve underscores a broader debate on whether America should leverage cryptocurrency to enhance its economic and technological influence globally. With Ripple’s CEO advocating for a multi-asset approach, the potential inclusion of XRP in a U.S. crypto reserve could mark a significant step towards integrating blockchain into national financial strategies.
Given these developments, there is an optimistic outlook among XRP supporters, with some suggesting a 70% or higher probability of XRP being included in any future U.S. strategic crypto reserve. This marks a pivotal moment for Ripple and XRP, potentially transforming their roles from controversial players to central figures in the U.S. digital economy.