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 thought of issuing cryptocurrency bonds.
Bitcoin and XRP are greater than the chances for the US!
At this level, Chris Giancarlo stated the US might challenge Bitcoin and XRP-backed cryptocurrency bonds, and that BTC and XRP-backed US cryptocurrency bonds are greater than attainable.
Giancarlo, generally known as the “Crypto's Godfather” for his early assist to the trade, stated the present Trump administration has taken a really completely different method to its predecessor and sees long-term worth.
At this level, Giancarlo stated that in recent times federal businesses have been promoting cryptocurrency seizures often, saying, “This technique has modified throughout the Trump period. Now, the administration believes that holding digital property may also help the US financially strengthen its financially.”
He stated 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 might have decreased its residents' debt fairly a bit.
“The truth is, the federal government can do that with out altering the related legal guidelines. Federal businesses have already got the authority to carry seized digital property, and that authority is at the moment being actively used.”
As is well-known, President Donald Trump signed an government order in March, and at the moment contains greater than 200,000 BTC price round $22 billion. These property are seized by prison and civil confiscation and are held as long-term property just like gold.
Trump has additionally launched digital asset shares that maintain different altcoins moreover Bitcoin, comparable to Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP.
*This isn’t funding recommendation.
