Ripple CEO Brad Garlinghouse on Trump's Impact on Crypto

During the XRP Community Day on X Spaces, Ripple Labs Inc. CEO Brad Garlinghouse shared his views on the significant impact of United States President Donald Trump's election on the cryptocurrency industry. Garlinghouse emphasized the importance of innovation in the sector, pointing to Trump's choice for the Treasury Department, Scott Bessent, as a testament to this commitment.

Discussions on XRP as a Strategic Reserve Asset

Garlinghouse revealed that he had discussions with President Trump about the potential for XRP to become a US strategic reserve asset. He advocated for a diversified reserve strategy, not limited to a single cryptocurrency. The Ripple CEO also clarified his position on the cryptocurrency market, stating his ownership of XRP, Bitcoin, and Ethereum, and his belief in a multichain world where multiple cryptocurrencies can coexist and thrive.

Advocating for a Level-Playing Field

Garlinghouse dismissed claims of favoring one cryptocurrency over another, emphasizing the importance of a level-playing field in the crypto industry. He highlighted the vast opportunities within the sector, suggesting that the future will see many winners rather than a single dominant cryptocurrency.