Ripple CEO Brad Garlinghouse has argued for an American digital activar reserve with several cryptocurrencies instead of concentrating exclusively on Bitcoin.
In a post of 28 January on X (formerly Twitter), Garlinghouse suggested that a future American digital assets should reflect the diversity of the crypto ecosystem. He argued that limiting such a reserve to a single token could not be from the wider landscape of the industry.
He written:
“If a GOVT Digital Asset Reserve is made – I believe it should be representative of the industry, not just one token (whether it is BTC, XRP or something else).”
Garlinghouse’s position contrasts with the growing support for a strategic Bitcoin reserve, which consider many crypto -pleaders as a tool to strengthen the US dollar and to protect the national economic interests.
Vaneck’s research, Mathew Sigel, has supported the idea of a Bitcoin-oriented reserve, which Bitcoin describes as uniquely suitable for a government stock. Sigel said:
“A Bitcoin stock helps the entire space. It is not necessary to choose ‘American’ projects that the leaders only sell, never buy. Incentives for American projects can still exist via the tax code. “
Garlinghouse, however, criticized the scary focus on Bitcoin and called it an outdated perspective. He emphasized the need for a cooperation mentality within the crypto sector to achieve shared goals, and emphasizes that progress depends on unity rather than divisions.
Garlinghouse Added:
“The crypto industry has a real shot here and now to achieve the many goals we have in common when we work together instead of tearing down. This is not and never, a zero-sum game. “
Industrial voltages
Garlinghouse’s remark comes as tensions between the XRP community and Bitcoin supporters have escalated, with claims that Ripple has lobbyed against setting up a Bitcoin reserve.
Critics accuse Ripple of undermining the industry unit while striving for his own interests. Jack Mallers, CEO of Zap, said:
“Ripple undermines American prosperity, freedom and bitcoin. Ripple is actively lobbying to put a Bitcoin strategic reserve in the US while they push their centralized, token-controlled token. ‘
Pierre Rochard, VP of research at Bitcoin Miner Riot, has been extreme Vocal in this debate. He said in response to Garlinghouse,
“Reserves and stocks must be strategic based on the needs of the nation that matches specific properties of assets.
They should not be the mixture of random crypto ticker symbols that are connected by lobbyists in the industry. “
Bitcoin Podcaster Walker too commentary On the statements of Garlinghouse,
“CEO of Shitcoin Company who spreads disinformation about Bitcoin for years wants us all to be friends now, Maximalists calls the enemy.”
However, Garlinghouse previously clarified that Ripple’s interests extend to all digital assets, including Bitcoin, and wants to promote a balanced and inclusive regulatory framework.
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