Ripple CEO Brad Garlinghouse opposes Bitcoin only reserve for US
Brad Garlinghouse, CEO of Ripple, advocates for a US digital asset reserve that includes multiple cryptocurrencies instead of focusing solely on Bitcoin. He argues that a diverse reserve would better represent the crypto ecosystem. This stance contrasts with support for a Strategic Bitcoin Reserve, which some believe would strengthen the US dollar. Mathew Sigel from VanEck supports a Bitcoin-focused reserve, citing its suitability for government stockpiling. Garlinghouse criticizes the narrow focus on Bitcoin as outdated and emphasizes the need for collaboration within the crypto sector to achieve common goals. Tensions have risen between the XRP community and Bitcoin supporters, with accusations that Ripple is lobbying against a Bitcoin reserve. Critics argue that Ripple undermines industry unity while pursuing its interests. Garlinghouse maintains that Ripple's advocacy includes all digital assets and aims for an inclusive regulatory framework.
