Brad Garlinghouse, CEO of Crypto Company Ripple Labs, supports the idea of a US digital asset reserve that covers many tokens and not just Bitcoin or XRP.
“I love XRP, BTC, and ETH, besides a number of others —We live in a multichein world, and I am advancing for a field playing instead of one token compared to another. If one Govt Digital Asset Reserve is created – I believe it should be an industry representative, not just a token (if it’s BTC, XRP or anything), ” Garlinghouse told x.
Last week, US president Donald Trump said his administration would check if he created a national digital asset, which backed the idea of the lead-up in the November election.
The crypto market expects a potential reserve to include Bitcoin, the leading digital asset by market value and the one with the highest level of institutional adoption. Currently, entrepreneurs are active in the decentralized assessment platform that polymarket is seeing only a 17% chance of Trump Greenlighting the project in the first 100 days of his administration.
The Garlinghouse, however, is against Maximalism that promotes BTC as the only right candidate for a potential national reserve.
“Maximalism remains the enemy of crypto development, and I am glad to see fewer and fewer people described in the outdated and misinformation of this thinking,” Garlinghouse said.
Ripple uses XRP to facilitate cross-border payments and remittances. The XRP changed hands to $ 3.09, which hit nearly 10% to $ 2.65 on Monday, the CoinDesk Data Show.
