Ripple’s CEO Brad Garlinghouse is urging the United States to establish a diversified digital assets reserve. This proposal goes beyond merely including Bitcoin (BTC) or Ripple’s own token, XRP. Garlinghouse believes a national reserve should represent the entire crypto industry, not just a single token.
“I own XRP, BTC, and ETH, among a handful of others,” Garlinghouse stated on X. “We live in a multichain world. I’ve advocated for a level-playing field instead of one token versus another.” His comments highlight a growing sentiment in the crypto community against the notion of maximalism, which suggests only one cryptocurrency deserves recognition.
The push for a national digital asset reserve comes as U.S. President Donald Trump has expressed interest in evaluating this concept. In his bid for reelection, Trump mentioned the possibility of a national digital asset stockpile. However, traders on the decentralized betting platform Polymarket currently assign only a 17% chance that Trump will approve this project within his first 100 days back in office.
Garlinghouse’s vision emphasizes the need for a more inclusive approach. He argues that promoting only Bitcoin as the sole candidate for a national reserve is counterproductive. “Maximalism remains the enemy of crypto progress,” he noted, expressing relief that fewer individuals align with this outdated viewpoint.
As the crypto market evolves, the idea of a reserve that includes various digital assets could pave the way for broader institutional adoption. Bitcoin remains the leading digital asset by market value, making it a likely candidate in any potential reserve. However, Garlinghouse insists that XRP and other tokens should not be overlooked.
Currently, XRP is trading at $3.09, following a significant drop to $2.65 on Monday, according to CoinDesk. As the market reacts to these developments, the conversation around a diversified crypto reserve gains momentum.
In a rapidly changing financial landscape, Garlinghouse’s call for a diversified reserve mirrors the needs of a multichain world. As discussions about a national digital asset reserve unfold, the push for inclusivity and representation in the crypto space is more crucial than ever. The future of digital assets may depend on how well the industry can unite under this common goal.
