Ripple CEO Brad Garlinghouse has revealed that he had discussions with President Donald Trump about making XRP a part of the United States’ strategic reserve. Garlinghouse said that the U.S. reserve should include a diverse array of cryptocurrencies, rather than solely relying on Bitcoin.
Garlinghouse expressed his belief that a diversified crypto portfolio would benefit the U.S. and support American crypto companies. He also dismissed claims that he was trying to undermine Bitcoin in favor of XRP, saying that the opportunities in the crypto space are large enough to allow for multiple winners. “The opportunities are so large, there will be many winners,” Garlinghouse said, stressing the importance of diversification. .
Bitcoin vs XRP
Garlinghouse’s comments come at a time when the crypto community is divided between different camps, with Bitcoin maximalists advocating for Bitcoin to be the dominant cryptocurrency. He recently addressed the issue of maximalism, criticizing those who insist on a one-token approach. “Maximalism remains the enemy of crypto progress,” he said, stressing that the future of crypto relies on cooperation rather than competition.
He also said that he owns a variety of cryptocurrencies, including XRP, Bitcoin, and Ethereum. He reiterated that the crypto industry should work together to achieve shared goals, rather than tearing each other down. “This is not, and never will be, a zero-sum game,” he added.
Trump Recognizes Innovation
Previously, Garlinghouse shared his thoughts on the relationship between the crypto industry and Donald Trump. He stated that after a period of conflict, the crypto industry has finally found a strong ally in Trump, who has also embraced the sector. Garlinghouse said that Trump recognizes the potential of innovation and entrepreneurship within crypto, and he’s optimistic about what the future holds.
Garlinghouse pointed out that XRP has surged massively since the election, noting that the best-performing crypto assets are coming from U.S. companies and technologies. He explained that this shouldn’t be a surprise, given that the U.S. SEC had been applying pressure on these companies.