CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Bitcoinist 2025-02-03 10:30:38

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

In a post on X , attorney Jeremy Hogan from Hogan & Hogan P.A.—well-known within the XRP community for his legal insights on the ongoing Ripple vs. SEC lawsuit—floated an idea that has stirred significant debate. Hogan suggested that the US government could establish XRP as part of a strategic reserve for one reason no one really talked about before. US XRP Reserve Possible Under Trump? “Let me just throw out a thought on XRP as part of a US digital asset strategic reserve,” Hogan posted . “Almost everyone on crypto-X is looking at the issue from a ‘crypto’ perspective. Is it decentralized? How are validators chosen? Etc. None of that really matters to the Federal Government.” Hogan’s perspective diverges from the typical conversation among crypto enthusiasts, who often focus on decentralization and validator governance. Instead, he points out that government agencies might be more concerned with utility and control. “A strategic reserve is an asset (ie. gold, oil) that the government believes it should hold in reserve in order to protect the people from something,” Hogan explained. “IF the US Government chooses to hold XRP in a reserve, it will be because it thinks there is a benefit, maybe a hedge, against some future contingency.” He went further, suggesting the government may possess classified insights into potential 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. “And maybe, just maybe, the US Government has greater insight into geopolitical events that would necessitate the need to have a store of XRP in the future than ‘Joe Smith’ Bitcoin enthusiast,” Hogan continued. “And maybe the US Government knows that if Ripple were to do anything to jeopardize the XRP network, etc., it could simply take control of Ripple (think WWII) or confiscate the XRP in escrow (think 1933 gold).” Hogan’s thread attracted multiple reactions from the community. One user, Hememan, commented, “Dude. That’s brilliant. Made in USA holds implication for a lot of things in this scenario. And you’re exactly right about not fully decentralized. That has no bearing on govt ownership or hedging.” Hogan responded, “It doesn’t matter to them at all. Centralized is much easier to control – they probably like that even more (not saying it’s true though).” Other responses added different angles. The crypto influencer Jungle Inc quipped, “They will hold it for the same reason they will hold BTC. Some rich prick will make big donations to the midterms,” to which Hogan replied, “And there is that possibility also.” Ripple’s CEO, Brad Garlinghouse, has previously voiced skepticism over a single-asset Strategic Bitcoin Reserve (SBR). Instead, he advocated a diversified approach—incorporating 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 came under fire from Pierre Rochard, Vice President of Research at Riot Platforms and other prominent voices from the Bitcoin community. Rochard alleged that Ripple has spent millions lobbying against a Bitcoin-focused SBR, purportedly in an effort to expand the reserve to include multiple cryptocurrencies, thereby positioning XRP as a key beneficiary. At press time, XRP traded at $2.41.

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.