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Ripple (XRP)
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Ripple CEO Backs US Crypto Shift, Calls for Strategic Reserve and Industry Unity

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Giuseppe Ciccomascolo
Published

Key Takeaways

  • Ripple CEO Brad Garlinghouse sees the U.S. administration taking a more supportive stance on crypto.
  • Garlinghouse supports a multichain approach, arguing that a U.S. crypto reserve should include multiple assets.
  • He believes industry infighting hinders progress and stresses the importance of collaboration over competition.

Ripple CEO Brad Garlinghouse sees a shifting environment for cryptocurrency in the U.S. and expresses optimism about the administration’s growing support for the industry.

During a talk on X  with other Ripple executives, Garlinghouse also advocates for a diversified U.S. crypto reserve rather than relying solely on Bitcoin, emphasizing collaboration over competition.

Garlinghouse Hails New U.S. Policy

Ripple CEO Brad Garlinghouse is optimistic about the U.S. administration’s crypto stance. He believes the President aims to be a “crypto president” and recognizes the value of emerging technologies.

He highlighted the administration’s reversal of policies like SAB 121, which restricted banks’ crypto involvement.

Garlinghouse also advocates for a diversified U.S. crypto reserve rather than relying solely on Bitcoin, citing Bhutan’s model as an example.

If the U.S. pursues a crypto reserve, he believes diversification is key to securing political and industry backing.

Backing Strategic Reserves

Garlinghouse also shares some thoughts on maximalism.

“The crypto industry has a real opportunity to achieve shared goals, but only if we work together rather than undermining each other. This is not, and never will be, a zero-sum game,” Ripple CEO said.

He also admitted holding XRP, BTC, and ETH, among others, “because we live in a multichain world.”

Rather than favoring one token over another, he’s always advocated for a fair and competitive environment.

“If a government digital asset reserve is created, it should reflect the broader industry, not just a single asset. Maximalism hinders crypto progress, and I’m encouraged to see more people moving beyond this outdated mindset.”

Calling Crypto Industry Union

Ripple CEO also stressed the U.S. administration’s commitment to supporting American tech companies and calls for unity in the crypto industry, urging collaboration over division.

As discussions persist over which digital assets should be recognized as reserve currencies, Garlinghouse underscores the urgent need for unity in the crypto industry.

His advocacy for a diversified, multichain future reflects a vision where cryptocurrencies collaborate rather than compete in a zero-sum game.

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Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors. Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
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