"Trump's Surprising XRP Reserve Plan: Lawyer Reveals Unexpected Path"

Could Trump Back A US XRP Reserve? Lawyer Reveals Unexpected Path

In a recent post on X, attorney Jeremy Hogan from Hogan & Hogan P.A. sparked a debate by suggesting that the US government could establish XRP as part of a strategic reserve. Hogan argued that the government's perspective on digital assets might differ from that of crypto enthusiasts, focusing more on utility and control rather than decentralization and validator governance.

Hogan pointed out that a strategic reserve is an asset held by the government to protect its people from potential future contingencies. He suggested that if the US government chooses to hold XRP in reserve, it would be because it believes there is a benefit or hedge against some future event. He also mentioned that the government might have classified insights into geopolitical tensions or economic events where holding XRP could prove advantageous.

Hogan even broached the idea that if Ripple itself were to act counter to US interests, officials could use powers akin to World War II-era industry takeovers or the 1933 gold confiscation. He argued that the US government might have greater insight into future geopolitical events that necessitate the need to have a store of XRP, and it could simply take control of Ripple or confiscate the XRP in escrow if necessary.

Hogan's thread attracted multiple reactions from the community. One user, Hememan, commented that the idea of the US government holding XRP in reserve was brilliant and made sense, given the implications for a "Made in USA" scenario. Hogan responded that it didn't matter to the government whether XRP was fully decentralized or not, as centralized assets are much easier to control.

Other responses added different angles to the discussion. The crypto influencer Jungle Inc quipped that the government would hold XRP for the same reason they would hold BTC, citing potential donations to midterm elections. Hogan replied that this was also a possibility.

Ripple's CEO, Brad Garlinghouse, has previously expressed skepticism about a single-asset Strategic Bitcoin Reserve (SBR). Instead, he advocated for a diversified approach that includes XRP and other digital assets made in the United States to mitigate volatility and ensure broader coverage against varying market conditions.

Meanwhile, Ripple's lobbying efforts have come under fire from Pierre Rochard, Vice President of Research at Riot Platforms