Ripple CEO Brad Garlinghouse Advocates for a Diverse US Digital Asset Reserve
Brad Garlinghouse, CEO of Ripple Labs, has voiced his support for a U.S. digital asset reserve that includes a variety of tokens rather than focusing exclusively on a single cryptocurrency like Bitcoin (BTC) or Ripple’s XRP.
In a recent post on X (formerly Twitter), Garlinghouse highlighted the importance of diversity within the crypto ecosystem. “I own XRP, BTC, and ETH, among a handful of others – we live in a multichain world, and I’ve advocated for a level-playing field instead of one token versus another. 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),” he stated.
This discussion comes in the wake of comments by US President Donald Trump, who announced plans to evaluate the creation of a national digital asset reserve. The proposal gained attention as part of his broader agenda leading up to the November elections.
Market participants speculate that such a reserve, if implemented, would likely prioritize Bitcoin, given its status as the most valuable cryptocurrency by market capitalization and its widespread adoption among institutional investors. However, decentralized prediction platform Polymarket currently places the likelihood of Trump approving this initiative within the first 100 days of his administration at just 17%.
Garlinghouse strongly opposes the notion of Bitcoin maximalism, which promotes BTC as the sole worthy candidate for such a reserve. “Maximalism remains the enemy of crypto progress, and I’m very glad to see fewer and fewer folks ascribe to this outdated and misinformed thinking,” he remarked.
Ripple’s XRP is widely used for facilitating cross-border payments and remittances, solidifying its position within the crypto space. Despite its utility, XRP has faced recent market volatility, dropping nearly 10% from $3.09 to $2.65, according to CoinDesk data.
As the conversation around digital asset reserves continues, Garlinghouse’s call for a more inclusive approach underscores the growing recognition of a multichain future within the blockchain industry.
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