Ripple CEO's Insights on Trump's Election and Crypto

Brad Garlinghouse, CEO of Ripple Labs Inc., shared his thoughts on the significant impact of United States President Donald Trump's election on the cryptocurrency industry during the XRP Community Day on X Spaces. He emphasized the importance of innovation and the potential for XRP to become a US strategic reserve asset.

Trump's Treasury Pick and Crypto Innovation

Garlinghouse praised Scott Bessent, Trump's choice for Treasury Secretary, as an "all-star of a human being" with a career dedicated to innovation. This appointment is seen as a positive sign for the crypto industry, indicating a favorable stance towards technological advancements and digital currencies.

Advocating for a Multichain World

Reiterating his support for a diversified reserve, Garlinghouse dismissed claims of undermining Bitcoin. He owns XRP, BTC, and ETH, advocating for a level-playing field in the crypto space. "We're in a multichain world, and I've lobbied for not one token vs. another. The opportunities are so large there will be many winners," he stated, highlighting the vast potential for multiple cryptocurrencies to succeed.