Ripple CEO's Insight on Trump's Presidency and Crypto

During the XRP Community Day on X Spaces, Ripple Labs Inc. CEO Brad Garlinghouse shared his thoughts on the profound impact of United States President Donald Trump's election on the cryptocurrency industry.

Scott Bessent: A Champion for Innovation

Garlinghouse praised Scott Bessent, Trump's pick for the Treasury Department, highlighting his commitment to innovation throughout his career. Bessent's appointment is seen as a positive sign for the crypto industry's future.

XRP as a US Strategic Reserve Asset?

Garlinghouse revealed discussions with Trump about XRP potentially becoming a US strategic reserve asset. Emphasizing the importance of diversification, he dismissed claims of undermining Bitcoin, advocating for a level-playing field in the multichain world of cryptocurrencies.