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XRP in US Reserves? Bitcoin Maxis vs. Ripple

XRP in US Reserves? Bitcoin Maxis vs. Ripple

Cryptocurrency News

The possibility of XRP joining the US strategic reserve has ignited a fiery debate within the crypto community. While Ripple CEO Brad Garlinghouse advocates for a diversified reserve, Bitcoin maximalists strongly oppose the inclusion of any asset besides Bitcoin.

The US Strategic Reserve: Bitcoin or XRP?

Following President Donald Trump's executive order to establish a national digital asset stockpile, anticipation for a US Bitcoin reserve surged. However, Garlinghouse’s recent comments shifted the focus to a potential XRP inclusion, further fueling the debate.

Crypto influencer Scott Melker (“The Wolf of All Streets”) commented on the possibility of an XRP reserve on X, stating, "I don’t share rumors unless I hear them from multiple, reliable sources." Conversely, Bitcoin enthusiast Wayne Vaughan warned against including any asset other than Bitcoin, emphasizing "serious negative consequences." Another prominent Bitcoin figure, AP_Abacus, shared an anonymous but well-connected opinion that XRP's inclusion efforts are destined to fail, with Bitcoin remaining the central focus.

Ripple's Alleged Lobbying Efforts

Melker's comments followed controversial statements by Jack Mallers, who accused Ripple of "undermining American prosperity and freedom" by allegedly spending millions to lobby for XRP's inclusion in the US strategic reserve. He described Ripple's actions as "corporate lobbying disguised as innovation."

This discussion unfolds against the backdrop of the ongoing Ripple-SEC lawsuit, which recently saw an extension filed for the crypto company's brief. The anticipation surrounding the lawsuit's conclusion, along with Gary Gensler's resignation from the SEC, has added further intrigue to the situation.

Garlinghouse's Vision: A Diversified Reserve

The XRP reserve idea gained traction after Ripple CEO Brad Garlinghouse’s statement about a diversified strategic reserve. He emphasized his belief that a government digital asset reserve should reflect the broader cryptocurrency landscape rather than focusing on a single asset. He stated:

"I own XRP, BTC, and ETH, among a handful of others – we live in a multichain world, and I’ve advocated for a level-playing field instead of one token versus another. If a govt digital asset reserve is created – I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else)."

Trump's Bitcoin Reserve Proposal

Donald Trump's past advocacy for a strategic Bitcoin reserve played a significant role in the current discussion. His proposal influenced other nations, including Bhutan, Hong Kong, Germany, and the Czech Republic, to consider similar strategies. However, the absence of a clear decision from Trump's administration since his inauguration has left the crypto community in suspense. The shift in focus towards an XRP reserve further intensifies the uncertainty surrounding the future of cryptocurrency reserves within the US.

Disclaimer: This analysis presents opinions and interpretations of current events. Market conditions are constantly changing. Always conduct thorough research before making any investment decisions. Codeum does not endorse any specific cryptocurrency or investment strategy.

Codeum: For secure and innovative blockchain solutions, consider Codeum’s services including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies.

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