Ripple CEO's Insight on Trump's Election Influence

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

Trump's Treasury Secretary Pick Praised

Garlinghouse praised Scott Bessent, Trump's choice to lead the Treasury Department, as an "all-star of a human being" with a career leaning towards innovation. This endorsement highlights the potential for positive regulatory developments in the crypto space under Trump's administration.

XRP as a US Strategic Reserve Asset

The Ripple CEO revealed discussions with Trump about XRP becoming a US strategic reserve asset. Emphasizing the importance of diversification, Garlinghouse dismissed claims of undermining Bitcoin, advocating for a multichain world with a level-playing field for all tokens.