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

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 importance of innovation and strategic discussions regarding XRP's potential role in the US strategic reserve assets.

Garlinghouse praised Scott Bessent, Trump's pick for the Treasury Department, as an "all-star of a human being" with a career dedicated to innovation. He also revealed that he had discussions with Trump about the diversification of the US strategic reserve, emphasizing the need for a level-playing field in the cryptocurrency market.

Addressing concerns about his stance on Bitcoin, Garlinghouse clarified his position by stating, "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."