Ripple CEO Urges Collaboration as US Considers Crypto Reserve

Ripple CEO Brad Garlinghouse has expressed his views on the U.S. government's plan to establish a national cryptocurrency reserve. Despite Ripple's growing influence in the United States, Garlinghouse emphasized the company's commitment to a multi-chain future and collaboration within the cryptocurrency industry. In a recent post on X, he stated, "Let me be clear — if we collaborate instead of undercutting each other, the crypto industry has a chance to achieve many shared goals. This is not and never will be a zero-sum game."

Garlinghouse also addressed the issue of a government-backed crypto reserve, stating, "I hold a few tokens like XRP, BTC, and ETH — we live in a multi-chain world, and I advocate for fair competition, not one token against another. If a government-backed crypto reserve is to be created, I believe it should represent the entire industry, not just one cryptocurrency." He further emphasized that maximalism is the enemy of crypto progress and that he is pleased to see fewer people subscribing to this outdated notion.

Ripple's stance on collaboration and fair competition is a significant development in the cryptocurrency industry. As the U.S. government considers establishing a national crypto reserve, Ripple's advocacy for a multi-chain future and representation of the entire industry could shape the future of the crypto landscape. The company's commitment to collaboration and fair competition could foster a more inclusive and innovative environment for the crypto industry to thrive.