- Brad Garlinghouse has confirmed he has had discussions with Donald Trump, reinforcing his position on advocating for a multi-chain reserve that includes XRP, ETH, and BTC.
- The plan to develop a national stockpile has ignited intense debate, contrary to expectations, Donald Trump did not specifically mention Bitcoin in his plans to create the reserve.
Ripple CEO Brad Garlinghouse recently confirmed that he had discussions with President Donald Trump about including Ripple in the strategic reserve. This comes after Trump’s executive orders called for the creation of a national cryptocurrency stockpile. While many expected Bitcoin to be the focus, Trump did not specify any single cryptocurrency.
In a post on X, Brad Garlinghouse recently emphasized the importance of unity within the crypto industry, advocating for a multichain approach. He argued that a government digital asset reserve should represent the entire industry rather than focusing on a single cryptocurrency like Bitcoin (BTC), Ripple (XRP), or Ethereum (ETH).
Garlinghouse also pointed to XRP’s impressive growth since the election, noting that U.S.-based cryptocurrencies are leading the charge. He suggested that the regulatory pressure from the U.S. SEC on these companies has likely fueled this growth, showcasing the resilience of American crypto technologies.
Garlinghouse’s message was clear “Maximalism remains the enemy of crypto progress, and I’m very glad to see fewer and fewer folks ascribe to this outdated and misinformed thinking.”
Bitcoin Advocates Respond to Brad
Garlinghouse’s position has met significant backlash. In an X post, Pierre Rochard, co-founder of Satoshi Nakamoto Institute, argued that “The world needs more bitcoin maximalism, not less.” He added,” Now Ripple is a failed company begging for a bailout from the government. There is zero strategic interest in subsidizing its nonsense”.
Michael Goldstein, president of the Satoshi Nakamoto Institute, also responded aggressively to Garlinghouse’s stance. He accused the Ripple CEO of attempting to destroy Bitcoin and Bitcoin mining through propaganda campaigns, criticizing Garlinghouse’s actions as undermining the foundational principles of the Bitcoin network.
In a broader push for crypto innovation, President Trump appointed Scott Bessent, a pro-crypto hedge fund manager, to lead the Treasury Department. This move aims to bring expertise that could help foster the development of digital assets. The SEC also launched a new crypto task force led by Commissioner Hester Peirce, who advocates for a regulatory framework that encourages innovation while ensuring market protection.
Additionally, Senator Cynthia Lummis was appointed to lead the Senate Banking Subcommittee on Digital Assets, aligning with Trump’s vision of creating a national digital asset reserve that could play a crucial role in addressing the U.S. national debt. Currently, BTC is trading at about $102,559, this reflects a slight dip of 0.15% over the last 24 hours with a market cap of $2.03 trillion and a decrease of 37.54% to its trading volume.
