Ripple CEO discusses XRP, SOL, USDC in the US Digital Asset Reserve

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Ripple's CEO, Brad Garlinghouse, recently caught attention when discussing the possibility of adding digital assets like XRP, Solana (SOL), or USDC to the strategic reserve backed by the United States. In his speech at the CfC St. Moritz conference, Garlinghouse noted that an increasing number of central banks are considering using cryptocurrencies as reserves thanks to improved regulations. Garlinghouse also pointed out that the new regulatory approaches in the United States could lead to the creation of state-controlled reserves with Ripple's XRP. Sources suggest that the new reserves will focus on domestic digital assets such as XRP and Solana to improve financial stability and promote blockchain technology. BlackRock CEO Joseph Chalom presented additional evidence at the conference that institutional investors are increasingly investing more in cryptocurrencies. BlackRock, a year ago had no exposure to cryptocurrencies, is now overseeing $61 billion in Bitcoin, Ether, and other crypto products. Chalom emphasizes the need for secure and reliable opportunities for the transparency of cryptocurrencies, corresponding to the concept of strategic reserves. Places like Texas and Oklahoma have started implementing this, with Texas even proposing a Bitcoin strategic reserve fund through Senator Angela Paxton's SB 778 bill. At the federal level, there are rumors that the Trump administration may develop a national cryptocurrency reserve fund with XRP, SOL, and USDC. Garlinghouse positively evaluates the function of XRP in these initiatives and asserts that it has the potential to scale and comply with regulations. As the United States strives to maintain a leading position in blockchain, the idea of strategic cryptocurrency reserves can be seen as a breakthrough.

XRP-0.32%
SOL-3.59%
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