XRP News Today: Billionaire asset manager now says XRP could be the base for banking on a nationwide scale, sparking interest within the community.
Mark Yusko, CEO of Morgan Creek Capital Management, has shared intriguing thoughts on the potential influence of XRP in shaping the future of cryptocurrency policy in the United States.
His remarks have sparked significant interest within the crypto community, especially regarding the role XRP might play under a new administration.
Expanding Strategic Crypto Reserves
Yusko pointed out that discussions are intensifying about the possibility of the incoming Donald Trump administration expanding its strategic crypto reserves.
Currently dominated by Bitcoin, these reserves might soon include altcoins such as XRP, Cardano (ADA), and Hedera (HBAR).
He emphasized that the founders of these cryptocurrencies are actively building relationships with the Trump family, particularly with Eric Trump.
Yusko shared this perspective during a recent appearance on the Good Morning Crypto Show.
The Role of XRP in Financial Ecosystems
While Bitcoin is often dubbed “digital gold,” Yusko believes that other cryptocurrencies, including XRP, can fulfill different roles within a comprehensive financial landscape.
He stated, “There’s some talk that XRP [XRP Ledger] could be utilized—or even mandated—as the base layer for a central bank digital currency (CBDC) or for national banking infrastructure.”
This assertion highlights the potential for XRP to play a critical role in future U.S. monetary policy.
Buzzing Speculation in the Crypto Community
A report suggested that President Trump is contemplating an executive order to establish a national reserve of digital assets, focusing on cryptocurrencies developed within the U.S.
It noted that Trump is “open” to this idea, which aims to bolster America’s position in the global crypto economy by prioritizing domestic blockchain innovations.
Supporters argue that this initiative could enhance U.S. competitiveness in the crypto space, while critics warn that it may undermine Bitcoin’s established global dominance.
Trump has also been engaging with founders and companies associated with these U.S.-developed cryptocurrencies, likely to advance this proposal.
Ripple’s Growing Influence
Ripple has gained notable attention in this context, particularly due to its ongoing dialogues with key figures from the Trump administration.
This includes a recent meeting between Ripple CEO Brad Garlinghouse and Vice President James David Vance, highlighting the firm’s active role in shaping potential policy shifts.
Future Implications for the Crypto Market
Yusko expressed uncertainty about whether these developments would materialize within the first 100 days of the new administration.
However, he underscored that utilizing XRP for a CBDC or as a core component of national banking infrastructure could significantly alter the landscape of the cryptocurrency market.
“If that does happen, it changes things,” he remarked, hinting at the profound implications such a move could have on the industry.
For more Daily Crypto News and updates like this, join the newsletter or opt-in for push notifications.
Now Introducing: XRP News
Follow us on CoinMarketCap, Facebook, X, or Instagram.
Also Read: IRS Now Delays Crypto Tax Reporting Requirements Until 2026
About The Author
Leave your thoughts below
Read Daily Market News – https://franknez.com/ for more news and updates like this