New Discussions on Digital Reserves
Following President Donald Trump’s executive order, the crypto community has begun debating the potential inclusion of XRP in the U.S. strategic reserves. The order, signed just three days after Trump assumed office, establishes a presidential task force focused on cryptocurrencies.
According to reports by FOX Business journalist Eleanor Terrett and her colleague Edward Lawrence, the task force aims to develop a federal regulatory framework for digital assets and explore the creation of a national "digital asset stockpile."
Expanding Reserves to Include Other Cryptocurrencies
A key element of the order is the proposal to evaluate the possibility of creating a strategic national reserve for digital assets. While initially assumed to focus solely on Bitcoin, discussions are now emerging about including other cryptocurrencies, such as XRP.
This prospect has garnered attention, particularly due to recent meetings between President Trump and crypto industry leaders, including Ripple CEO Brad Garlinghouse.
Criticism from Bitcoin Advocates
Details of the executive order have drawn criticism from some Bitcoin proponents. Pierre Rochard, Vice President of Research at Bitcoin mining company Riot Platforms, strongly opposed the idea of including XRP in the reserves. He accused Ripple of lobbying against Bitcoin-focused reserves by financially influencing policymakers.
Rochard further alleged that Ripple is diverting attention from Bitcoin to support its narrative and promote central bank digital currencies (CBDCs) tied to its platform. Ripple launched its CBDC platform in May 2023.
He also argued that Trump’s campaign had prioritized banning CBDCs and creating reserves exclusively for Bitcoin. Rochard described Ripple’s efforts as undermining these priorities and insisted that Bitcoin should remain the sole asset in the strategic reserves.
Ripple CEO Defends Diversification
Ripple CEO Brad Garlinghouse rejected these accusations, emphasizing that Ripple’s advocacy aligns with the administration’s goals of supporting American companies and innovation.
Garlinghouse suggested that Ripple’s engagement with policymakers increases the likelihood of establishing a crypto reserve rather than undermining it. Notably, while Bitcoin would undoubtedly be included in such a reserve, there is also a possibility of incorporating other crypto assets.
According to a prior report by the New York Post, the Trump administration is reportedly working on a system favoring U.S.-based crypto assets, including XRP, Solana, and USDC.
Diversification as a Strategic Approach
Before the executive order, Garlinghouse mentioned in an interview that a reserve focusing exclusively on Bitcoin might not be the best solution. Instead, he argued that a diversified approach to a digital asset reserve would make more strategic sense.
Reactions from the Crypto Community
Scott Melker, host of The Wolf of All Streets podcast, shared speculation that the strategic reserve could include both Bitcoin and XRP. While he acknowledged these are just rumors, he noted that his sources are reliable.
Meanwhile, some critics claim that Ripple’s active lobbying and financial contributions may have influenced the administration’s decisions. Ripple reportedly donated $5 million to Trump’s inauguration and maintains communication with key policymakers.
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