• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP's Potential Role in U.S. Reserve: Experts Debate

user avatar

by Giorgi Kostiuk

a year ago


Recently, the potential inclusion of XRP in a U.S. strategic digital asset reserve garnered attention following an executive order signed by former President Donald Trump. This order seeks to develop a framework for digital asset regulation and investigate the possibility of creating a national digital asset stockpile.

Executive Order and Initial Discussions

The executive order establishes a working group to assess the future of digital assets in the U.S. According to Fox Business journalist Eleanor Terrett, the group aims to address regulatory clarity and consider creating a strategic digital asset reserve. Initially, it was believed that the reserve would primarily include Bitcoin, but discussions have broadened to consider other assets like XRP.

Criticism from Bitcoin Supporters

The idea of diversifying the reserve sparked criticism. Pierre Rochard, Vice President of Research at Riot Platforms, opposed the inclusion of XRP, claiming that Ripple and XRP pose a threat to a Bitcoin-exclusive reserve. He argues that Ripple's lobbying efforts undermine the administration's original goal concentrated on Bitcoin.

Ripple and XRP pose a threat to a Bitcoin-based reserve.

Ripple's View on Digital Diversification

Replying to Rochard's accusations, Ripple CEO Brad Garlinghouse stated that the company's initiatives aim to foster innovation and support American companies. Garlinghouse highlighted the importance of a diversified approach in any digital asset reserve, rather than limiting it to Bitcoin alone.

Our efforts increase the likelihood of a crypto strategic reserve, including Bitcoin.

Debates surrounding the potential inclusion of XRP and other digital assets in a national strategic reserve continue. The issue has spurred lively discussions between Bitcoin supporters and companies advocating digital asset diversification. The final stance of the U.S. administration remains to be seen.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Zcash Price Shows Positive Momentum

chest

Zcash has stopped its correction phase and is showing a controlled upward movement. Currently, Zcash is trading near the 535 zone, up around 4%. This price movement indicates a shift from a downside support range to a more structured upward trend, which could signal potential larger moves in the near future.

user avatarDiego Alvarez

Short-Term ZEC Price Prediction Shows Resistance at 550

chest

Zcash is approaching a resistance level of 550, with potential for a breakout.

user avatarKenji Takahashi

Fidelity Go Offers Cost-Efficient Investing for Beginners

chest

Fidelity Go is highlighted as the best option for new investors with its zero management fees for accounts under $25,000.

user avatarMaria Fernandez

2025 Sees a Major Shift to AI-Powered Robo-Advisors

chest

The financial landscape of 2025 is characterized by a transition from traditional wealth management to AI-driven robo-advisors, catering to a younger, tech-savvy investor demographic.

user avatarRajesh Kumar

Betterment Enhances Real-Time Goal-Based Optimization

chest

Betterment has evolved its platform to include real-time portfolio optimization and behavioral coaching, making it a top choice for goal-oriented investors.

user avatarLuis Flores

Wealthfront Leads with Advanced Financial Planning Tools

chest

Wealthfront is recognized for its innovative Path digital planner and tax optimization strategies, positioning itself as a leader in autonomous financial planning.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.