Brad Garlinghouse of Ripple advocates for a diverse government-backed digital asset reserve, rejecting crypto maximalism in favor of collaboration.
Ripple CEO Rejects Crypto Maximalism
Ripple CEO Brad Garlinghouse emphasized the need for industry collaboration, urging the crypto community to reject divisive behavior. On Jan. 27, he shared his perspective on X, calling maximalism a major obstacle to progress.
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…
Garlinghouse Supports a Multichain Future
Garlinghouse reaffirmed his belief in a multichain world, revealing his personal investments in XRP, Bitcoin, Ethereum, and other cryptocurrencies. He advocated for a fair playing field rather than competition between tokens.
Call for a Government Crypto Reserve
The Ripple CEO suggested that if a government digital asset reserve were created, it should reflect the industry’s diversity, not be limited to Bitcoin or XRP.
“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).”
Criticism and Industry Tensions
Some industry figures, including Pierre Rochard, accused Ripple of opposing the Strategic Bitcoin Reserve (SBR). Rochard claimed Ripple lobbied against SBR to protect its interests in centralized digital assets.
Garlinghouse Defends Ripple’s Role
Garlinghouse dismissed the accusations, asserting that Ripple’s efforts strengthen the entire cryptocurrency ecosystem. He maintained that the company supports initiatives benefiting the broader industry.
“Unless you are choosing to ignore the core tenets of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually INCREASING the likelihood of a crypto strategic reserve (which includes bitcoin) happening.”
Future of Government Crypto Reserves
As the debate continues, Garlinghouse remains firm in his stance on collaboration. His vision for a government-backed crypto reserve could influence future policies, shaping a more inclusive digital asset landscape.
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