Will Trump Back A XRP Reserve? Lawyer Reveals Unexpected Path
The post Will Trump Back A XRP Reserve? Lawyer Reveals Unexpected Path appeared on BitcoinEthereumNews.com.
In a post on X , attorney Jeremy Hogan from Hogan & Hogan P.A.—well-known within the XRP community for his legal insights on the ongoing Ripple vs. SEC lawsuit—floated an idea that has stirred significant debate. Hogan suggested that the US government could establish XRP as part of a strategic reserve for one reason no one really talked about before. US XRP Reserve Possible Under Trump? “Let me just throw out a thought on XRP as part of a US digital asset strategic reserve,” Hogan posted. “Almost everyone on crypto-X is looking at the issue from a ‘crypto’ perspective. Is it decentralized? How are validators chosen? Etc. None of that really matters to the Federal Government.” Hogan’s perspective diverges from the typical conversation among crypto enthusiasts, who often focus on decentralization and validator governance. Instead, he points out that government agencies might be more concerned with utility and control. “A strategic reserve is an asset (ie. gold, oil) that the government believes it should hold in reserve in order to protect the people from something,” Hogan explained. “IF the US Government chooses to hold XRP in a reserve, it will be because it thinks there is a benefit, maybe a hedge, against some future contingency.” He went further, suggesting the government may possess classified insights into potential geopolitical tensions or economic events where holding XRP could prove advantageous. Hogan even broached the idea that if Ripple itself were to act counter to US interests, officials could use powers akin to World War II-era industry takeovers or the 1933 gold confiscation. “And maybe, just maybe, the US Government has greater insight into geopolitical events that would necessitate the need to have a store of XRP in the future than ‘Joe Smith’ Bitcoin enthusiast,” Hogan continued. “And maybe the US Government knows…
Filed under: News - @ February 3, 2025 11:18 am