Ripple CEO's Insights 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 significant impact of United States President Donald Trump's election on the cryptocurrency industry. Garlinghouse highlighted the profound implications this has had, especially with Trump's choice for the Treasury Department.

Scott Bessent: A Champion for Innovation

Garlinghouse praised Scott Bessent, Trump's pick for Treasury Secretary, as an "all-star of a human being" with a career dedicated to embracing innovation. This appointment is seen as a positive sign for the crypto industry, signaling a forward-thinking approach to financial regulation and innovation.

XRP as a US Strategic Reserve Asset?

The Ripple CEO also disclosed that he had discussions with President Trump about the potential for XRP to become a US strategic reserve asset. While advocating for a diversified reserve that includes more than just one cryptocurrency, Garlinghouse emphasized his support for a level-playing field in the crypto world. He expressed his belief in a multichain future, stating, "I own XRP, BTC, and ETH, alongside a few others. The opportunities are so large there will be many winners."