Ripple’s CEO championed collaboration over crypto maximalism, pushing for a multichain reserve featuring BTC, XRP, and others while rejecting division as progress’s enemy.
Ripple CEO Advocates for Multichain Representation in Government Crypto Reserves
Ripple CEO Brad Garlinghouse took to social media platform X on Jan. 27 to emphasize the importance of collaboration in the crypto industry and to criticize divisive behavior.
Sharing his perspective, he stated: “Some thoughts on maximalism… let me say this as clearly as I can.” The executive continued: “The crypto industry has a real shot, here and now, to achieve the many goals we have in common, if we work together instead of tearing each other down. This is not, and never will be, a zero-sum game.” Garlinghouse further elaborated on his belief in a multichain ecosystem and disclosed his personal investments in various cryptocurrencies. He wrote:
I own XRP, BTC, and ETH among a handful of others – we live in a multichain world, and I’ve advocated for a level-playing field, instead of one token versus another.
He also discussed the idea of a government-backed digital asset reserve, suggesting it should reflect the broader cryptocurrency industry. Garlinghouse stated:
If a govt digital asset reserve is created – I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else).
Additionally, the Ripple CEO criticized maximalism as an obstacle to the sector’s progress. “Maximalism remains the enemy of crypto progress, and I’m very glad to see fewer and fewer folks ascribe to this outdated and misinformed thinking,” he noted, expressing optimism about the industry’s shift toward inclusivity and collaboration.
Garlinghouse’s advocacy for collaboration comes amid criticism from several individuals, including Pierre Rochard, who accused Ripple of lobbying against the Strategic Bitcoin Reserve (SBR). In a Jan. 23 post on X, Rochard wrote: “The biggest obstacle for the Strategic Bitcoin Reserve is not the Fed, Treasury, banks, or Elizabeth Warren. It’s Ripple/XRP. They are aggressively lobbying against the SBR by throwing around $millions at politicians, desperately trying to derail it. They did the same to attack bitcoin mining under the Biden administration. Obviously they want to protect their marketing narratives and push for CBDCs built on their platform.”
Responding to these claims, Garlinghouse dismissed the accusations, asserting that Ripple’s efforts aim to strengthen the broader cryptocurrency ecosystem. “Unless you are choosing to ignore the core tenets of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually INCREASING the likelihood of a crypto strategic reserve (which includes bitcoin) happening,” he stressed, defending Ripple’s role in promoting innovation and industry progress.
Source: Bitcoin
