Ripple CEO Discusses Trump's Influence on Cryptocurrency

During the XRP Community Day on X Spaces, Brad Garlinghouse, CEO of Ripple Labs Inc., shared his insights on the significant impact of United States President Donald Trump's election on the cryptocurrency industry. Garlinghouse emphasized the importance of Trump's administration for the future of crypto, particularly highlighting the appointment of Scott Bessent as Treasury Secretary, whom he praised as a forward-thinking leader in innovation.

Garlinghouse revealed that he had discussions with Trump about the potential for XRP to become a US strategic reserve asset. He advocated for a diversified reserve, not limited to a single cryptocurrency, and clarified his support for a multichain world where multiple cryptocurrencies, including Bitcoin and Ethereum, can coexist and thrive. "I own XRP, BTC, and ETH, alongside a few others. We're in a multichain world, and I've lobbied for a level-playing field," he stated, dismissing any notions of favoring one token over another.