Brad Garlinghouse, the CEO of Ripple, has argued for an US digital assets reserve that incorporates multiple crypto-currencies rather than solely focusing on Bitcoin.
Garlinghouse wrote in a 28 January post to X (formerly Twitter) that a US future digital asset reserve must reflect the variety of crypto ecosystem. Garlinghouse argued in a post on X (formerly Twitter) on Jan. 28 that a future US digital asset reserve should reflect the diversity of the crypto ecosystem.
“He wrote:
“If a govt digital asset reserve is created – I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else).”
Garlinghouse’s stance contrasts with the growing support for a Strategic Bitcoin Reserve, which many crypto advocates view as a tool to strengthen the US dollar and protect national economic interests.
VanEck’s head of research, Mathew Sigel, has backed the idea of a Bitcoin-focused reserve, describing Bitcoin as uniquely suitable for a government stockpile. Sigel explained:
“A Bitcoin Stockpile will Help the entire Space. No need to pick ‘American’ projects whose leaders only Sell, never Buy. Incentives for American Projects can still exist via the Tax Code.”
Garlinghouse criticised the naive focus on Bitcoin as being outdated. Garlinghouse stressed that a collaborative approach is needed within the crypto industry to reach shared goals. He emphasized the importance of achieving these through collaboration, rather than by dividing the sector.
Garlinghouse is added to the list
“The crypto industry has a real shot, here and now, to achieve the many goals we have in common, IF we work together instead of tearing each other down. This is not, and never will be, a zero-sum game.”
Industrial tensions
Garlinghouse’s comment comes as tensions between the XRP community and Bitcoin supporters have escalated, with claims that Ripple has lobbied against establishing a Bitcoin reserve.
Ripple is accused by critics of running its business in a way that undermines the industry’s unity. Jack Mallers said that:
“Ripple is undermining American prosperity, freedom, and Bitcoin. Ripple is actively lobbying to stop a Bitcoin Strategic Reserve in the U.S. while pushing their centralized, corporate-controlled token. “
Pierre Rochard, VP of Research at Bitcoin miner Riot, has been extremely vocal in this debate. He said in reply to Garlinghouse,
“Reserves and stockpiles should be strategic based on the needs of the nation aligning with specific properties of assets.
They shouldn’t be a DEI hodgepodge of random crypto ticker symbols shilled by industry lobbyists.”
Bitcoin podcaster Walker also commented on Garlinghouse’s statements,
“CEO OF SHITCOIN COMPANY WHO SPENT YEARS SPREADING DISINFORMATION ABOUT BITCOIN NOW WANTS US ALL TO BE FRIENDS, CALLS MAXIMALISTS THE ENEMY.”
However, Garlinghouse previously clarified that Ripple’s advocacy extends to all digital assets, including Bitcoin, and aims to foster a balanced and inclusive regulatory framework.
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