The post Ripple CEO Advocates Multi-Token Approach for U.S. Cryptocurrency Reserve appeared on BitcoinEthereumNews.com.

TLDR Brad Garlinghouse advocates for a diverse U.S. digital asset reserve including multiple cryptocurrencies Trump administration is evaluating creation of national digital asset stockpile Polymarket shows 19% chance of Trump announcing BTC reserve in first 100 days Bitcoin maximalists oppose including other cryptocurrencies in potential reserve XRP price dropped 10% to $2.65 on Monday before recovering to $3.09 Brad Garlinghouse, CEO of Ripple Labs, has entered the discussion about a potential U.S. government digital asset reserve, advocating for the inclusion of multiple cryptocurrencies rather than focusing solely on Bitcoin. In a recent statement on X (formerly Twitter), Garlinghouse shared his perspective on cryptocurrency diversity, revealing that he personally holds XRP, Bitcoin, and Ethereum among other digital assets. His position reflects his belief in a “multichain world” where various cryptocurrencies can coexist and thrive. Some thoughts on maximalism… let me say this as clearly as I can – 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. • I own… — Brad Garlinghouse (@bgarlinghouse) January 27, 2025 The timing of Garlinghouse’s comments follows last week’s announcement by U.S. President Donald Trump that his administration would evaluate the creation of a national digital asset stockpile. This development has sparked debate within the cryptocurrency community about which digital assets should be included in such a reserve. Current market sentiment, as reflected on the decentralized betting platform Polymarket, indicates modest expectations for immediate action. The platform shows just a 19% probability of Trump announcing a Bitcoin reserve within the first 100 days of his administration. Garlinghouse specifically addressed the issue of “maximalism” in the cryptocurrency space, describing it as “the enemy of crypto progress.”…

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Filed under: News - @ January 28, 2025 1:20 pm