XRP News Today: In an exciting turn of events, Ripple CEO Brad Garlinghouse has championed president Donald Trump’s latest US Crypto Reserve announcement.
The latest US Crypto Reserve announcement made on Sunday pushed cryptocurrencies up between 15% to 30%, signaling a new era of cryptocurrency adoption under the new administration.
XRP surged to nearly $3 per coin after the president took it to Truth Social to announce a new reserve to make the United States the “Crypto Capital of the world.”
This move is being hailed as a significant endorsement of digital assets and could mark a pivotal moment in the journey towards mass adoption of cryptocurrencies.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.
I will make sure that the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN,” president Donald Trump announced Sunday.
He later stated, “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve.”
Brad Garlinghouse on US Crypto Reserve News
Brad Garlinghouse, CEO of Ripple, has shown gratitude and championed the president for his support of the digital landscape stating:
“I’ve said this before – the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER.
Appreciate the crypto President @realDonaldTrump’s vision of a govt digital asset reserve representative of the industry.
Maximalism is the enemy of the industry’s progress.
Glad to see POTUS recognizing we live in a multichain world and that we’re finally moving past Bill Hinman and the Biden administration’s SEC’s very broken thinking.
I will certainly continue to champion this while in Washington at the end of this week.”
Sentiment surrounding XRP has remained bullish ever since it pushed to new highs amidst the departure of former SEC Chair Gary Gensler and the introduction to a new crypto-friendly administration.
Trump’s endorsement of a strategic crypto reserve could be just the beginning of a broader trend toward mass adoption.
As governments and financial institutions begin to recognize the benefits of digital currencies, we might see a domino effect in which more assets are integrated into official reserves globally.
Moreover, the proposed reserve could attract institutional investors who have been hesitant to enter the crypto space due to regulatory uncertainties.
With the backing of the U.S. government, these entities may feel more secure in their investments, further fueling market growth.
While XRP’s price jumped on the latest US Crypto Reserve news, the digital asset is currently trading at $2.38 at the time of this writing.
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