Legal expert Jeremy Hogan offers insights on why the U.S. government might include XRP in its strategic reserves. He emphasized that concerns about XRP's centralization are not significant from the government's economic standpoint.
XRP Criticism and Hogan’s Response
Many Bitcoin supporters argue that XRP's centralization due to Ripple's large holdings pose risks, making it unsuitable as a reserve asset. However, Jeremy Hogan counters this view, highlighting that such criticisms are predominantly from a crypto perspective, which is less relevant to government economic strategies.
Potential Use of XRP in Strategic Reserves
Hogan suggested that if the U.S. government were to include XRP in its strategic reserve, it would likely see the asset as a hedge against future economic contingencies. He also hinted that the government might have a broader foresight than many Bitcoin proponents concerning global economic shifts that could make XRP valuable.
Managing Ripple and Economic Security
Hogan also speculated that the U.S. government could take control of Ripple if the company ever compromised the XRP Ledger. He drew parallels with government actions during World War II, where the U.S. intervened in private industries for national security reasons.
While discussions on including XRP in strategic reserves remain speculative, Jeremy Hogan's insights highlight that cryptocurrency potential can be viewed from multiple perspectives, including a government's economic strategy.
