Ripple CEO Advocates for Diverse US Digital Asset Reserve
Ripple's CEO, Brad Garlinghouse, urges the US to adopt a more inclusive approach to its cryptocurrency reserves, considering various digital assets beyond Bitcoin.
Ripple CEO Brad Garlinghouse has advocated for the United States to consider a diverse range of digital assets for its cryptocurrency reserves. He emphasized that if the government creates a digital asset reserve, it should represent the entire industry, not just Bitcoin.
“If a government digital asset reserve is created – I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else),” stated Garlinghouse in a post on X on January 27, 2025.
— Brad Garlinghouse (@bgarlinghouse)
Translation: If a government digital asset reserve is created, it should represent the industry, not just one token.
Garlinghouse’s vision includes multiple cryptocurrencies coexisting to meet different financial needs. He mentioned, “I own XRP, BTC, and ETH among various others – we live in a multichain world, and I’ve advocated for a level-playing field, instead of one token versus another.”
In another notable comment, he congratulated the US Senate’s confirmation of Scott Bessent as the new Treasury Secretary, expressing confidence in his leadership and abilities to foster innovation in technology and cryptocurrency.
“Congrats to the newly-confirmed Treasury Secretary Scott Bessent! He’ll be an incredible leader for Americans! I’m confident he’ll enact common-sense economic policies to grow US tech and crypto innovation,” stated Garlinghouse in a post on X.
— Brad Garlinghouse (@bgarlinghouse)
Translation: Congrats to Scott Bessent! I’m confident he’ll support USA’s tech and crypto growth.
As debates on Bitcoin’s role as a national strategic asset grow, figures like Senator Cynthia Lummis and former President Donald Trump have supported such initiatives. Additionally, Tether’s CEO, Paolo Ardoino, commented on the necessity of Bitcoin reserves for countries, highlighting potential benefits and urging timely adoption.
In summary, Garlinghouse’s remarks reflect a broader push in the crypto community for recognizing the value of a diversified approach to digital asset reserves at a national level.
