Ripple CEO Advocates for a U.S. Crypto Reserve to Include More Than Bitcoin

Ripple CEO Brad Garlinghouse has expressed his views on the U.S. government’s proposal to create a national digital asset reserve. He believes the reserve should include a variety of cryptocurrencies, such as Ripple’s XRP, rather than focusing solely on Bitcoin (BTC).

Notably, the CEO’s stance contrasts with the perspective of some Bitcoin advocates who argue that Bitcoin should be the sole asset in the reserve.

Garlinghouse Advocates for a Diverse Digital Asset Reserve

In a recent tweet, Garlinghouse emphasized the importance of collaboration within the crypto industry. He urged stakeholders to stop prioritizing individual cryptocurrencies and instead work together to advance the sector. According to him, the industry’s success depends on unity rather than rivalry among digital assets.

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

Furthermore, Garlinghouse argued against cryptocurrency being a “zero-sum game,” where one token’s achievements come at the expense of another. As someone who holds multiple cryptocurrencies, including XRP, Bitcoin, and Ether (ETH), he advocates for a more inclusive and equitable approach to digital asset reserves.

“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.

Criticism From Bitcoin Advocates

Brad Garlinghouse’s suggestion to include multiple digital assets in the national reserve has been criticized by some Bitcoin advocates. For instance, Ryan Selkis, the CEO of Messari, claims Bitcoin’s unique features make it the most suitable choice for a national reserve.

Similarly, Pierre Rochard, Vice President of Riot Platforms, highlighted Bitcoin’s decentralized nature as a key reason it should be the sole asset in the reserve. Rochard also accused Ripple of lobbying for XRP’s inclusion.

At the time of writing, XRP is trading at $3.10, marking an 11% rise over the past 24 hours. The token’s 24-hour trading volume has surged 30% to $12.03 billion, with its market capitalization at approximately $178 billion.