Former CFTC Chairman Chris Giancarlo was appointed by US President Donald Trump throughout his former president and 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 concept of issuing cryptocurrency bonds.
Bitcoin and XRP are greater than the probabilities for the US!
At this level, Chris Giancarlo mentioned the US may problem Bitcoin and XRP-backed cryptocurrency bonds, and that BTC and XRP-backed US cryptocurrency bonds are greater than doable.
Giancarlo, generally known as the “Crypto’s Godfather” for his early assist to the trade, mentioned the present Trump administration has taken a really totally different strategy to its predecessor and sees long-term worth.
At this level, Giancarlo mentioned that in recent times federal companies have been promoting cryptocurrency seizures ceaselessly, saying, “This technique has modified through the Trump period. Now, the administration believes that holding digital belongings will help the US financially strengthen its financially.”
He mentioned he helps a strategic Bitcoin Reserve, and Giancarlo argued that the sale of BTC was an enormous loss for the US.
“If the US authorities had not held the bitcoin it had been seized and bought a number of years in the past, it may have lowered its residents’ debt fairly a bit.
“In actual fact, the federal government can do that with out altering the related legal guidelines. Federal companies have already got the authority to carry seized digital belongings, and that authority is presently being actively used.”
As is well-known, President Donald Trump signed an government order in March, and presently contains greater than 200,000 BTC price round $22 billion. These belongings are seized via felony and civil confiscation and are held as long-term belongings just like gold.
Trump has additionally launched digital asset shares that maintain different altcoins apart from Bitcoin, reminiscent of Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP.
*This isn’t funding recommendation.
