Ripple CEO Brad Garlinghouse disclosed that he discussed including XRP in a U.S. national digital asset reserve with President Donald Trump.
Garlinghouse made this disclosure during his appearance on the XRP Community Day hosted on X Space yesterday. Several XRP enthusiasts who joined the X Space shared excerpts of Garlinghouse’s comments.
🇺🇸💪 BRAD GARLINGHOUSE ON $XRP BEING A US STRATEGIC RESERVE ASSET ➡️ "I HAVE SPOKEN DIRECTLY WITH THE PRESIDENT ON SOME OF THESE THINGS AND IT IS VERY CLEAR TO ME THAT THE PRESIDENT UNDERSTANDS THE TECHNOLOGY – HE WANTS TO BE THE CRYPTO PRESIDENT OF THE UNITED STATES […]"… https://t.co/Q8WMZa7lwg pic.twitter.com/k8M8kPltYM
— XRP DROPZ (@DROPZXRP) January 28, 2025
Speaking at the event, Garlinghouse said he spoke directly with the President of the United States about including XRP in a potential national digital asset reserve.
Notably, in recent weeks, The Crypto Basic reported several meetings between Ripple’s CEO and Trump, particularly following the U.S. election. A photo shared by Garlinghouse on his X account confirmed that he had dinner with the President after Ripple donated $5 million to support Trump’s inauguration.
Ripple CEO Dismisses Claims of Advocating Against Bitcoin
Meanwhile, Garlinghouse dismissed claims that he urged policymakers to choose XRP over Bitcoin for the national digital asset reserve. He emphasized that his engagement was to convince the U.S. President to establish a diversified digital asset reserve instead of one centered on a particular coin like XRP or Bitcoin.
Notably, Garlinghouse shared a similar sentiment earlier this week in an X post while addressing Bitcoin maxis.
For context, Bitcoin proponents accused Ripple of advocating for XRP over Bitcoin regarding the creation of a national digital asset reserve. This resulted in a heated feud over the weekend, with some Bitcoin maxis recruiting others to hate on Ripple.
Garlinghouse Pushes for Unity
In response, Garlinghouse advocated for unity within the crypto community rather than ‘tearing each other down.’ He maintained that the digital asset reserve should be diversified rather than favoring a particular coin over others.
This stance promotes a multi-asset approach, which ensures that various crypto assets, including XRP and BTC, benefit from the initiative.
In his recent speech, Garlinghouse reiterated his belief in the enormous opportunities for multiple cryptocurrencies, including Bitcoin and XRP, to succeed in the crypto industry.
Trump Presidency to Impact Cryptos
Also, the Ripple CEO emphasized that Trump’s presidency could significantly impact the crypto industry. This could be in the form of pro-crypto regulation or creating a national digital asset reserve.
Trump has already taken a major step toward establishing the much-needed regulation for the crypto space. The Crypto Basic reported earlier that he had signed an executive order to create a working group for digital assets.
This group, which features heads of different federal agencies, including SEC and CFTC, is chaired by White House AI & Crypto Czar David Sacks. It will develop a regulatory framework for digital assets and evaluate the risks and opportunities of the national reserve.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
