The well-known crypto lawyer Jeremy Hogan has initiated a striking discussion about the possibility that the United States will include in a national digital reserve.
According to Hogan, known for its legal analyzes in the Ripple vs. SEC rights case, the US government would not approach XRP from a cryptopes’, but rather as a strategic possession for national security and economic stability.
XRP as an American strategic reserve?
In a post on X, Hogan speculated that the US government could include XRP in a national digital asset reserve, similar to how gold and oil are maintained as strategic stocks. According to Hogan, the discussion in the crypto community often revolves around decentralization and validator management, but these are not things that the government is necessarily worried about.
According to Hogan, the US government would only take XRP to reserve if it believes that it offers strategic benefits, for example as a cover against financial or geopolitical uncertainties. He even suggested that the government may have classified information about future global developments in which XRP could play a role.
“Perhaps the US government has a better insight into geopolitical events that make it necessary to keep a stock of XRP,” Hogan said. “And perhaps the government knows that if Ripple would do something to jeopardize the XRP network, it can simply take over control of Ripple.”
Control of Ripple and the American influence
Hogan drew a comparison with measures from the past in which the US government nationalized industries or assets, such as the gold confiscation in 1933. He pointed out that, should Ripple pose a threat to American interests, the government could take over the control through legal or administrative measures.
This idea caused a lively discussion within the XRP community. A user noted that “made in the US” can play an important role in the strategic positioning of XRP. Hogan replied that centralization can be beneficial for the government, because it would be a easier checking Activum.
Crypto-influencer Jungle Inc brought forward a more cynical perspective and suggested that the government might as well include XRP as Bitcoin in a national reserve, simply because rich donors would have an interest in this. Hogan acknowledged that this was a possibility, but emphasized that his hypothesis was based on strategic considerations.
Ripple lobbying activities and criticism from the Bitcoin community
In the meantime, Ripple is actively committed to a broader acceptance of digital assets in the United States. CEO Brad Garlinghouse has previously expressed skeptically about a national Bitcoin reserve, where he argued for a more diversified reserve with several digital assets, including XRP.
These lobby efforts have led to criticism from the Bitcoin community. Pierre Rochard, Vice President of Research at Riot Platforms, accused Ripple of spending millions of dollars on lobbying to undermine Bitcoin. According to Rochard, Ripple tries to influence the American strategy for digital reserves so that XRP and other crypto assets are also eligible.
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Source: https://newsbit.nl/overweegt-trump-een-nationale-xrp-reserve-jurist-doet-opvallende-onthulling/
