Ripple CEO Brad Garlinghouse has taken to X to share his opinion on the ongoing digital asset reserve debate, emphasizing the need for unity in the crypto industry.
Garlinghouse first criticized maximalism within the crypto industry. Notably, this belief is prevalent in the crypto community, where some believe their favorite coin is inherently superior to others.
However, Ripple’s CEO stressed that this perception is counterproductive to the broader goal of the crypto industry. According to Garlinghouse, there is a need for collaboration in the industry instead of competing destructively.
In parallel, Garlinghouse emphasized his belief in a multichain future by disclosing his investment in diverse cryptocurrencies. Specifically, he disclosed owning not just XRP but Bitcoin, Ethereum, and other digital assets.
This aligns with his call for a level playing field and unity in the industry rather than a situation in which maximalists promote one cryptocurrency at the expense of others.
Ripple CEO Calls for a Representative Digital Asset Reserve
In this context, the Ripple CEO commented on the possible creation of a national digital asset reserve. This has been one of the hottest topics in the industry, with many crypto stakeholders sharing their opinions on how the government should approach it.
For context, Bitcoin was at the forefront of consideration for the digital asset reserve after Donald Trump first revealed the initiative during his campaign. However, discussions have emerged that the U.S. government might include other coins, like XRP, in its national digital asset reserve.
In particular, speculations suggest that the Trump administration plans to create an America-first reserve, favoring coins developed in the United States, such as XRP, Solana, and USD Coin.
Amid this speculation, Bitcoin maximalists, including VP of Riot Platforms Pierre Rochard, claimed that only BTC qualifies as a reserve currency asset.
However, Garlinghouse suggested that the U.S. government reserve should reflect the diversity of the crypto industry rather than being centered on one coin, as many Bitcoin enthusiasts are advocating.
This indicates that Garlinghouse supports establishing a digital asset reserve with multiple cryptocurrencies rather than BTC alone.
The Ripple CEO made the comment days after a significant feud escalated between the Bitcoin and XRP communities. Several Bitcoin proponents, including Rochard, argued against including XRP in the potential digital asset reserve.
In the meantime, the government has not officially mentioned the names of crypto assets that will be featured in the reserve. Trump recently created a working group to evaluate the risks and benefits of creating the digital asset reserve. This group will submit a comprehensive report within 180 days from the date of the executive order.
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