In a publication about X, lawyer Jeremy Hogan de Hogan & Hogan PA, well known within the XRP community for his legal ideas on the continuous demand of Ripple vs. SEC, floated an idea that has caused a significant debate. Hogan suggested that the United States government could establish XRP as part of a strategic reserve for a reason that nobody really spoke before.
US XRP reserve possible Trump?
“Let me throw a thought in XRP as part of a strategic reserve of US digital assets.” aware. “Almost all in Crypto-X are analyzing the problem from a ‘Crypto’ perspective. Is it decentralized? How are validators chosen? Etc. None of that really care about the federal government. “
Hogan’s perspective diverges from the typical conversation among cryptography enthusiasts, who often focus on decentralization and validator governance. Instead, he points out that government agencies could be more concerned about utility and control. “A strategic reserve is an asset (that is, gold, oil) that the government believes that it should be kept in reserve to protect people from something,” said Hogan. “If the United States government chooses to keep XRP in a reservation, it will be because it believes that there is a benefit, perhaps a coverage, against some future contingency.”
He went further, suggesting that the government can possess classified ideas about possible geopolitical tensions or economic events in which XRP has could be advantageous. Hogan even approached the idea that if Ripple itself act against the interests of the United States, officials could use powers similar to the acquisitions of the era of the Second World War or the 1933 gold confiscation.
“And perhaps, only perhaps, the United States government has a greater vision of geopolitical events that would require the need to have an XRP store in the future than Bitcoin’s enthusiast of ‘Joe Smith’, Hogan continued. “And perhaps the United States government knows that if Ripple did something to endanger the XRP network, etc., it could simply take control of Ripple (think of World War II) or confiscate the XRP in custody (think in 1933 Gold) “.
Hogan’s thread attracted multiple reactions of the community. A user, Hememan, commented: “Friend. That is brilliant. Made in the US. It has involvement for many things in this scenario. And you are right about not completely decentralized. That is not related to the property of the government or coverage. “Hogan replied:” They don’t care at all. Centralized is much easier to control, they probably like even more (although without saying that it is true). “
Other answers added different angles. Crypto influencer Jungle inco joked: “They will hold it for the same reason that BTC will have. Some rich punctures will make great donations to half of the exams “, to which Hogan replied:” And there is that possibility too. “
The CEO of Ripple, Brad Garlinghouse, has previously expressed skepticism about a strategic asset bitcoin reserve (SBR). Instead, he advocated a diversified approach, incorporated XRP and other digital assets made in the United States) to mitigate volatility and guarantee broader coverage against different market conditions.
Meanwhile, Ripple’s lobbying efforts were criticized by Pierre Rochard, Vice President of Research of Riot Platforms and other prominent voices of the Bitcoin community. Rochard claimed that Ripple has spent millions of lobbying against an SBR centered on Bitcoin, supposedly in an effort to expand the reserve to include multiple cryptocurrencies, thus positioning XRP as a key beneficiary.
At the time of publication, XRP quoted at $ 2.41.
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