Former CFTC Chairman Chris Giancarlo, appointed by US President Donald Trump throughout his earlier presidency, spoke about Bitcoin (BTC) and XRP.
Talking on the XRPL Apex 2025 convention in Singapore, Chris Giancarlo famous that the US authorities is more and more within the thought of issuing crypto-backed bonds.
Bitcoin and XRP Are Extra Than a Risk for the US!
At this level, Chris Giancarlo acknowledged that the US might difficulty Bitcoin and XRP-backed crypto bonds, and mentioned that BTC and XRP-backed US crypto bonds are greater than a risk.
Referred to as the “Godfather of Crypto” for his early assist of the business, Giancarlo mentioned the present Trump administration has taken a really completely different strategy to digital property than its predecessors and sees their long-term worth.
At this level, Giancarlo identified that lately, federal businesses have usually bought seized cryptocurrencies and mentioned, “This technique has modified through the Trump period. The administration now believes that holding digital property can strengthen america financially.”
Stating that he helps the strategic Bitcoin reserve, Giancarlo argued that the BTC gross sales have been an excellent loss for america.
“If the US authorities had not held on to the Bitcoins it seized a couple of years in the past and bought them, it might have diminished its nationwide debt by a major quantity.
“In truth, the federal government might do that with out altering any related legal guidelines. Federal businesses have already got the authority to carry seized digital property, and that authority is now being actively used.”
As is well-known, President Donald Trump signed an govt order in March establishing the Strategic Bitcoin Reserve, which presently accommodates over 200,000 BTC price roughly $22 billion. These property have been seized by prison and civil forfeitures and will likely be held as long-term property much like gold.
Trump additionally launched a Digital Asset Inventory to carry different altcoins in addition to Bitcoin, similar to Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP.
*This isn’t funding recommendation.
