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Several critics of Ripple and Maximalists of Bitcoin think that the reserve must be only from BTC.
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«Maximalism remains the enemy of cryptocurrency progress,» says Garlinghouse.
Brad Garlinghouse, CEO of the Ripple Labs cryptocurrency company, supports the idea of an American digital asset reserve that covers multiple tokens and not only Bitcoin (BTC).
«I have XRP, BTC and ETH, among a handful of other cryptocurrencies. We live in a world of multiple chains and I have advocated a balanced playing field instead of one token against another, ”he said in an X publication.
Based on this, he adds that, if Donald Trump’s government creates a reserve of digital assets, It should be representative of the industrynot only of a token (be it BTC, XRP or anything else).
The publication was made within the framework of the executive order signed last week by the president, through which a work team is created that will evaluate the possibilities of creating a reserve of digital assets.
In that sense, the idea that dominates in the cryptocurrency market is that a possible reserve It would include only bitcointhe main digital asset by market value and the one with the highest level of institutional adoption.
Although, as cryptootics has reported, there are also rumors that the asset basket would include other cryptocurrencies such as XRP, USD Coin and Solana.
The CEO of Ripple publicly supports this possibility, pronouncing in favor of the creation of a strategic reserve of multiple coins.
It is a position that has found resistance between The so -called Bitcoin maximaliststhe movement that defends this network as the most decentralized and safe. Those who support it hold the belief that the digital currency created by Satoshi Nakamoto is the only one that really matters.
Garlinghouse spoke against the trend, which promotes BTC as the only one deserving for a potential national reserve. On this he left in his message what he described as «some reflections on maximalism.»
Let me say this as clearly as I can: the cryptocurrency industry has a real opportunity, here and now, to achieve the many objectives we have in common, if we work together instead of destroying each other. This is not, and it will never be, a zero sum game.
Brad Garlinghouse, CEO de Ripple.
Face critics who reject the idea of including XRP, arguing that this could undermine the objective of the reservation and qualifying Ripple as an important obstacle to the initiative.
The main argument against is the support that Ripple has given to the development of digital currencies of Central Bank (CBDC), through its platform. It is thought that this fact would harm the position of Bitcoin, as expressed by Riot Platforms Research Chief Pierre Rochard.
The opinion is shared by several defenders of Bitcoin, including businessman Wayne Vaughan, who argues that only BTC should appear In the Balance of the US Government. He said that including other cryptocurrencies would have political repercussions for the Trump administration.
The CEO of Bitvolt, Nico Moran, echoed this feeling, pointing out that Ripple’s actions «prioritize their own interests» over those of the US public.
Hence Garlinghouse, leaving in defense of a multimoned reserve that also includes XRP. «Maximalism remains the enemy of cryptocurrency progress, and I am very happy to see that less and less people adopt this obsolete and misinformed thinking,» he concluded.