mentioned<\/a>. \u201cMost discussions in the crypto world fixate on aspects like decentralization or validator selection, which might not hold significant weight for the Federal Government.\u201d<\/p>\nHogan\u2019s viewpoint diverges from the common discussions among cryptocurrency enthusiasts, who typically emphasize decentralization and governance issues. He argues that government officials are likely to prioritize the practical applications and control of assets instead. \u201cA strategic reserve is essentially a holding of significant assets\u2014such as gold or oil\u2014that the government maintains to safeguard the public against uncertainties,\u201d he clarified. \u201cIf the U.S. decides to keep XRP in reserve, it could be due to anticipated advantages in navigating possible future challenges.\u201d<\/p>\n
He also suggested that the government might have access to sensitive information regarding potential geopolitical issues or economic events, making the ownership of XRP strategically beneficial. Hogan even mentioned the possibility of government action similar to historical asset seizures if Ripple were to conflict with U.S. interests.<\/p>\n
\u201cPerhaps the U.S. Government possesses insights into geopolitical developments that would warrant holding XRP in the future, insights that \u2018Joe Smith\u2019 Bitcoin enthusiast may not have,\u201d he elaborated. \u201cAdditionally, if Ripple threatened the XRP ecosystem, the Government might consider taking control of Ripple itself, akin to tactics used in World War II, or seize XRP in escrow, resembling the 1933 gold confiscation.\u201d<\/p>\n
This discussion attracted various comments from the community. One user, Hememan, remarked, \u201cThat\u2019s a genius idea. The implications of \u2018Made in USA\u2019 are vast in this context. You\u2019re right that decentralization doesn\u2019t really affect government strategy.\u201d Hogan replied, \u201cTo them, centralized assets are easier to manage \u2013 they might even prefer that.\u201d<\/p>\n
Others chimed in with different viewpoints. Crypto influencer Jungle Inc humorously stated, \u201cThe government would hold it for the same reasons they keep BTC\u2014financial contributions from wealthy donors during midterms.\u201d Hogan acknowledged the possibility, saying, \u201cThat could be a factor as well.\u201d<\/p>\n
Ripple\u2019s CEO, Brad Garlinghouse, has previously expressed doubt about the feasibility of a concentrated Strategic Bitcoin Reserve (SBR). He supports a more diversified approach that includes XRP and other U.S.-based digital assets to reduce market volatility and provide comprehensive coverage against fluctuating conditions.<\/p>\n
In a related critique, Ripple\u2019s lobbying tactics faced backlash from Pierre Rochard, Vice President of Research at Riot Platforms, and other notable figures in the Bitcoin space. Rochard accused Ripple of spending significant funds to lobby against a Bitcoin-centric SBR, aiming to broaden the reserve to encompass various cryptocurrencies, thus benefiting XRP.<\/p>\n
As of now, XRP is trading at $2.41.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
In a recent post on X, lawyer Jeremy Hogan from Hogan & Hogan P.A., who is well-known in the XRP community for his insights regarding the Ripple vs. SEC legal battle, introduced a thought-provoking idea that has generated considerable discussion. He proposed that the U.S. government might consider incorporating XRP into a strategic reserve, highlighting […]<\/p>\n","protected":false},"author":14,"featured_media":27310,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Trump's Potential Support for a US XRP Reserve: A Lawyer's Surprising Insights - Bitrabo","description":"In a recent post on X, lawyer Jeremy Hogan from Hogan & Hogan P.A., who is well-known in the XRP community for his insights regarding the Ripple vs. SEC leg"},"footnotes":""},"categories":[316],"tags":[1025,3550,1106,749,2377,3560,517],"class_list":["post-27309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-lawyer","tag-path","tag-reserve","tag-reveals","tag-trump","tag-unexpected","tag-xrp"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/27309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=27309"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/27309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/27310"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=27309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=27309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=27309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}