Brad Garlinghouse, CEO of Ripple, argued that Bitcoin and other cryptocurrencies, including Ripple, should be included in the U.S. federal digital reserve assets. Following this news, Ripple’s price rose by approximately 1%, according to a cryptocurrency news outlet, Crypto Times reported on Wednesday.
On Thursday at 8:30 a.m., Ripple, the third-largest cryptocurrency by market capitalization, was trading at $3.09 on CoinMarketCap, a global cryptocurrency tracking site, up 1.07% from 24 hours earlier.
During his meeting with Trump on Monday, CEO Garlinghouse insisted that the U.S. government’s digital asset reserves should include a variety of cryptocurrencies, such as Ripple and Ethereum, in addition to Bitcoin.
He stated that he believes the cryptocurrency industry should focus on cooperation rather than internal conflicts.
He further emphasized that the crypto industry can achieve many shared goals if stakeholders work together.
According to Crypto News, Garlinghouse also noted that Trump’s recognition and strong support for cryptocurrencies’ potential offer significant hope for the industry’s future.