News
  • Nidhi Kolhapur
    author-profile

    Nidhi Kolhapur right arrow

    Author

    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

    • author facebook
    • author twitter
    • linkedin

  • 2 minutes read

Ripple CEO Pushes XRP Adoption for Trump’s Digital Asset Reserve Plan

Story Highlights
  • Trump's new initiative aims to create a regulatory framework for digital assets and potentially include American-founded cryptocurrencies like XRP.

  • Ripple actively lobbied for clearer crypto regulations, potentially influencing the administration's focus on American-founded assets.

  • Increased speculation about government accumulation of XRP could boost XRP's price in the near future.

Shortly after taking office, President Donald Trump signed an executive order to create a Presidential Working Group. This group was tasked with developing a federal framework for digital asset regulations and exploring the idea of a national “digital assets stockpile,” according to FOX Business reporter Eleanor Terrett.

Ripple CEOโ€™s View on XRP and U.S. Adoption

Amid ongoing discussions about Trumpโ€™s potential Bitcoin reserve, a fresh angle has surfaced.

Ripple CEO brad garlinghouse has suggested that the U.S. government might eventually consider holding XRP tokens. Such a move could boost Rippleโ€™s adoption and potentially lead to a significant increase in XRPโ€™s price.

Although Garlinghouse has not directly linked XRP to a digital reserve, speculation within the crypto community is growing. His push for clearer cryptocurrency regulations has raised expectations for Rippleโ€™s future. Rippleโ€™s earlier meetings with Trumpโ€™s administration also hint at potential lobbying efforts to promote XRP.

Trumpโ€™s Focus on a Digital Asset Stockpile

In a recent decision, Trump chose to prioritize a digital asset stockpile instead of a Bitcoin reserve. This shift has sparked questions, particularly among investors wary of political donations influencing policy. Rippleโ€™s possible involvement in these developments has added fuel to the ongoing debates about the cryptocurrency marketโ€™s future.

The Biggest Obstacle

Adding to the controversy, Pierre Rochard recently claimed on X (formerly Twitter) that Rippleโ€™s lobbying efforts are blocking the creation of a Strategic Bitcoin Reserve (SBR). Rochard alleged that Ripple is spending millions to undermine the SBR initiative while pushing for CBDCs built on their platform.

Garlinghouse strongly denied these accusations, asserting that Rippleโ€™s efforts align with the broader crypto communityโ€™s shared goal of creating a comprehensive strategic reserveโ€”including Bitcoin.

โ€œUnless 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).โ€

Spotlight on U.S.-Based Crypto Assets

A report by the New York Post suggested that the Trump administration aimed to prioritize U.S.-founded crypto assets like XRP, Solana, and USDC as part of its digital asset strategy. Although Trump has not explicitly mentioned Bitcoin or XRP, the focus on American-founded cryptocurrencies could significantly impact XRPโ€™s adoption and price outlook.

XRPโ€™s Market Outlook

As speculation around XRPโ€™s potential role grows, the token is currently trading at $3.14, consolidating despite strong demand. While there is no official confirmation of XRP accumulation by the government, optimism persists. Based on historical trends and current market conditions, XRPโ€™s price could realistically reach between $5 and $20 by the end of Q1 2025.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

For now, the industry awaits further clarity on U.S. digital asset policies and Rippleโ€™s evolving role in this space.

FAQs

How much would the price of Ripple be in 2040?

As per our latest XRP price analysis, the Ripple could reach a maximum price of $148.37.

How much will the XRP price be in 2050?

By 2050, a single Ripple price could go as high as $418.73.

Show More

Related Articles

Back to top button