Ripple CEO Highlights the Impact of Trump's Presidency on Crypto

During the XRP Community Day on X Spaces, Brad Garlinghouse, CEO of Ripple Labs Inc., shared his insights on how the election of Donald Trump as the United States President could significantly influence the cryptocurrency industry. Garlinghouse described Trump's presidency as "profound" for the crypto sector.

Trump's Treasury Secretary Pick Praised for Innovation

Garlinghouse also commended Scott Bessent, Trump's choice for the Treasury Department, labeling him as "an all-star of a human being" with a career that has consistently embraced innovation.

XRP as a US Strategic Reserve Asset?

Revealing discussions with Trump, Garlinghouse mentioned the potential for XRP to become a US strategic reserve asset. He emphasized the importance of diversification in the reserve, advocating for a multichain world where various cryptocurrencies can coexist and thrive. "I own XRP, BTC [Bitcoin], and ETH [Ethereum], alongside a few others. We're in a multichain world, and I've lobbied for a level-playing field and not one token vs. another ... The opportunities are so large there will be many winners," Garlinghouse stated.