Brad Garlinghouse, CEO of Crypto Company Ripple Labs, supports the idea of an American digital asset reserve that includes multiple tokens and not just Bitcoin (BTC) or XRP.
“I own XRP, BTC and ETH, among a handful of others -we live in a multicharh world, and I have expressed a level -playing field instead of one token versus another. If a Govt Digital Asset Reserve is created -otes – I think it should be representative of the industry, not just a token (whether it is BTC, XRP or something else), “said Garlinghouse at X.
Last week, US President Donald Trump said his administration will evaluate whether to set up a national digital active stock after supporting the idea in the construction of the November election.
The Crypto market expects a potential reserve to include Bitcoin, the leading digital asset by market value and the one with the highest level of institutional adoption. Currently, dealers who are active over the decentralized betting platform are looking at the polyming field, only a 17% chance of the Trump Greenlighting project in the first 100 days of his administration.
However, Garlinghouse is against the maximalism that promotes BTC as the only deserved candidate for a potential national reserve.
“Maximalism is still the enemy of crypto -progress, and I am very happy to see fewer and fewer people attribute this outdated and wrongly informed thinking,” Garlinghouse said.
Ripple uses XRP to ease cross -border payments and transfers. The XRP changed hands of $ 3.09, after taking nearly 10% to $ 2.65 Monday, Coindesk data shows.