XRP News: Ripple CEO Discusses XRP as U.S. Digital Asset Reserve With Trump

Ripple CEO Brad Garlinghouse revealed that he held direct discussions with U.S. President Donald Trump about including XRP in a potential national digital asset reserve. 

Speaking during the XRP Community Day on X Space, Garlinghouse shared details of his engagement with the President, highlighting Trump’s interest in blockchain technology and cryptocurrencies.

🇺🇸💪 BRAD GARLINGHOUSE ON $XRP BEING A US STRATEGIC RESERVE ASSET ➡️ "I HAVE SPOKEN DIRECTLY WITH THE PRESIDENT ON SOME OF THESE THINGS AND IT IS VERY CLEAR TO ME THAT THE PRESIDENT UNDERSTANDS THE TECHNOLOGY – HE WANTS TO BE THE CRYPTO PRESIDENT OF THE UNITED STATES […]"… https://t.co/Q8WMZa7lwg pic.twitter.com/k8M8kPltYM

— XRP DROPZ (@DROPZXRP) January 28, 2025

This revelation follows reports of multiple meetings between Garlinghouse and Trump after the U.S. election. Garlinghouse also shared a photo on his X account from a dinner he had with the President, which took place shortly after Ripple contributed $5 million to support Trump’s inauguration.

Advocacy for a Diversified Digital Asset Reserve

During his remarks, Garlinghouse dismissed claims that he lobbied for XRP to be chosen over Bitcoin for a national digital asset reserve. He clarified that his conversations with policymakers focused on advocating for a diversified reserve instead of prioritizing a single cryptocurrency.

This stance comes amid criticism from Bitcoin proponents, who accused Ripple of promoting XRP at the expense of Bitcoin. 

Garlinghouse addressed these accusations in an X post, reiterating his belief that multiple cryptocurrencies, including Bitcoin and XRP, have opportunities to thrive in the evolving digital economy.

Unity Within the Crypto Community

Garlinghouse emphasized the importance of unity within the crypto space, urging industry stakeholders to collaborate rather than compete. 

He advocated for the success of various cryptocurrencies, suggesting that a national digital asset reserve should benefit multiple coins rather than favor one over others.

By promoting a multi-asset approach, Garlinghouse aims to encourage a framework where both Bitcoin and XRP can coexist and grow. He believes the crypto industry holds enormous potential for diverse projects to succeed, fostering innovation and adoption.

Trump Administration’s Role in Crypto Regulation

Garlinghouse also highlighted the potential influence of Trump’s presidency on the crypto sector. He noted that Trump has taken proactive steps, such as signing an executive order to create a working group on digital assets. This group, chaired by White House AI & Crypto Czar David Sacks, includes leaders from agencies like the SEC and CFTC.

The group’s goal is to develop a regulatory framework for digital assets while evaluating the risks and benefits of establishing a national digital asset reserve. 

Garlinghouse believes these initiatives could pave the way for pro-crypto regulations and solidify the U.S. as a leader in blockchain technology.