Trumps National Crypto Reserve Plan: XRP vs Bitcoin Sparks Industry Clash

Trump shifts focus to a U.S. digital asset reserve, sparking debates over XRPs potential inclusion.

Ripples lobbying efforts, critics claim, influence U.S. crypto policy direction.

President Donald Trump has reignited crypto discussions with his push for a national digital asset reserve. Initially focused on creating a Bitcoin-centric stockpile, Trumps strategy has shifted toward a broader reserve, including altcoins like XRP. This move has divided the crypto community, sparking debates over political influence, lobbying, and the future of U.S.-based cryptocurrencies.

Ripples CEO, Brad Garlinghouse has consistently promoted XRP as a key asset for U.S. digital innovation. His advocacy, alongside Ripples lobbying efforts, has drawn scrutiny, with critics claiming the company prioritizes its interests over the broader crypto ecosystem.

Ripples Lobbying: Influence or Innovation?

Ripples close ties with policymakers have fueled speculation about its role in Trumps crypto agenda. The company has reportedly spent millions lobbying for clearer regulations and promoting XRP.

Pierre Rochard, Vice President at Riot Platforms, remains unconvinced. Rochard claims Ripples lobbying disrupts Bitcoins dominance, potentially skewing U.S. crypto policies.

Brad Garlinghouse denies allegations of undermining Bitcoin-focused initiatives, emphasizing Ripples aim to include Bitcoin and XRP in a comprehensive reserve.

Unless you are choosing to ignore the core tenants 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. Garlinghouse stated, defending his company against accusations of blocking a Strategic Bitcoin Reserve (SBR).

Critics Call for Bitcoin-Only Reserve

Ryan Selkis, founder of Messari, strongly opposes XRPs inclusion in Trumps reserve. Selkis argues that Bitcoins decentralized nature and fixed supply make it the only viable choice.

BTC is unique as a reserve. Selkis tweeted, emphasizing Bitcoins superiority as a reserve asset.

Adding to the controversy, critics claim Ripples lobbying efforts favor central bank digital currencies (CBDCs) over decentralized cryptocurrencies.

Bitcoin maximalists like Samson Mow echo these sentiments, criticizing XRP for its centralized structure and questioning its legitimacy in a national reserve.

Despite the criticism, XRP continues to gain attention. Valued at $181 billion, it ranks as the third-largest cryptocurrency by market capitalization. Market analysts predict XRP could see significant price surges, with forecasts ranging from $5 to $20 by Q1 2025. Ripples CEO having dinner with Trump and Ripples Legal Officer suggest ongoing discussions about XRPs inclusion in the reserve, though no official confirmation has emerged.

Despite ongoing legal challenges with the SEC, XRP remains resilient. Currently trading at $3.14, the token shows strong market demand, driven by speculation around its potential role in Trumps reserve. Ripples legal clarity following partial victories in its lawsuit has further boosted investor confidence.