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Discussion of Bitcoin and XRP in U.S. Public Finance According to Former CFTC Chair

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by Giorgi Kostiuk

10 days ago


Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), confirmed that Bitcoin and XRP-backed bonds are becoming a reality for the U.S.

Path to Digital Asset Integration

In an interview at the XRP Las Vegas conference, Giancarlo noted that both federal and local governments are actively exploring ways to issue and manage financial instruments tied to cryptocurrencies.

Strategic Crypto Reserves

Giancarlo mentioned that in March 2025, an executive order was signed to establish the Strategic Bitcoin Reserve, which currently holds over 200,000 BTC. Additionally, a Digital Asset Fund was created to manage Ethereum, XRP, Solana, and Cardano.

Criticism of Previous Administrations

He criticized earlier administrations for selling crypto assets prematurely, noting that long-term holding could have yielded greater returns and reduced financial pressure on budgets.

Christopher Giancarlo’s statements highlight a significant shift in U.S. financial strategy, where Bitcoin and XRP-backed bonds are becoming an integral part of government policy.

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