- President-elect Donald Trump was reportedly “receptive” to adopting XRP and Solana as Treasury reserves along with Bitcoin.
Confirmed Assembly Between Trump and Ripple Executives
Final week, President-elect Donald Trump met with Ripple executives, CEO Brad Garlinghouse and CLO Stuart Alderoty. The Ripple officers confirmed the dinner with delicate messages of their social media posts.
“Nice dinner final night time with Donald Trump and Stuart Alderoty. Sturdy begin to 2025,” stated Garlinghouse.
In the meantime, Alderoty reposted the Ripple CEO’s feedback with a caption, “…and to high it off, the meat bourguignon was actually good.”
Past the posts on X, the executives and the president-elect remained mum on what actually transpired in the course of the occasion. Therefore, the character of the dialog among the many three expectedly grew to become the topic of a lot hypothesis from the crypto neighborhood amid Ripple’s ongoing push for growth within the US and its ongoing case in opposition to the US Securities and Trade Fee (SEC).
The Fruits of the Assembly
A supposed leak the New York Publish just lately obtained from an nameless supply hints at what the important thing personalities within the crypto business and authorities could have talked about. In keeping with the publication, the incoming president would comply with up his plan of creating a strategic Bitcoin (BTC) Treasury reserve with the adoption of different cryptocurrencies for related functions.
On this case, Trump reportedly has an eye fixed on integrating US-made digital belongings akin to XRP, Solana (SOL), and Circle’s USDC. This unprecedented transfer might additional advance his marketing campaign promise of turning the US into the “crypto capital of the planet.”
The supply advised that Trump was “receptive” to the concept after the assembly with Garlinghouse and Alderoty. The affair additionally got here scorching on the heels of the forty seventh US president’s earlier talks with different crypto personalities, together with Coinbase CEO Brian Armstrong and Crypto.com CEO Kris Marszalek.
XRP and SOL’s Addition to the Nationwide Reserve
The XRP and Solana ecosystems would undoubtedly profit from their tokens’ inclusion into the US Nationwide Reserve. It could give them wider publicity and reinforce their viability as a substitute for conventional treasury reserves akin to gold.
Furthermore, integrating these digital belongings into the nationwide treasury would enable additional diversification of the nation’s reserve belongings past gold and Bitcoin. It could introduce a layer-upon-layer of hedges in opposition to inflation dangers.
Based mostly on Macroaxis information, Bitcoin has a really low correlation coefficient with gold at 0.01, indicating a major diversification alternative if used as a supplemental treasury reserve. Then again, XRP and SOL have 0.87 and 0.56 correlations with BTC, respectively.
Moreover, their adoption would exemplify the US authorities’s robust assist not just for BTC however for native blockchain improvements as nicely. This might assist spur investments inside its jurisdiction, which might trickle all the way down to extra improvements and employment within the Web3 and crypto house.