Ex-CFTC Chair Backs Bitcoin and XRP Bonds in Bold U.S. Financial Shift

Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo has confirmed that government bonds backed by Bitcoin and XRP are no longer just a theoretical idea. He believes the United States is now on a practical path toward integrating digital assets into public finance.

Speaking at the XRP Las Vegas conference in an interview with Bradley Kimes of Digital Perspective, Giancarlo stated that both federal and local governments are actively considering ways to issue and manage financial instruments using crypto assets. According to him, discussions in Washington are currently discussing seriously how governments could hold, issue or even acquire instruments that are cryptocurrency-related.

Giancarlo said such interest is not only at the federal level. The state and local governments are also exploring analogous approaches that would help them modernize their financial infrastructure with the help of digital assets.

He observed that there was a major policy transition in the Trump administration, primarily in the treatment of seized digital assets by federal agencies. As opposed to liquidating seized cryptocurrencies, the existing tendency lies in keeping them as a part of strategic reserves of funds in a long-term perspective.

Giancarlo emphasized that this retention policy does not require Congress to act. Executive agencies already have the authority to hold assets obtained through forfeiture, making this a direct and actionable strategy.

Also Read: Prominent Pundit Reveals “Shocking Truth” Behind Ripple’s XRP Sell-Off

Trump Administration Establishes Strategic Crypto Reserves

This shift has already taken form, as in March 2025, President Trump signed an executive order to establish the Strategic Bitcoin Reserve. This reserve currently holds over 200,000 BTC, most of which came from federal asset seizures.

Additionally, the administration created the Digital Asset Stockpile to manage Ethereum, XRP, Solana, and Cardano. These are to be owned to facilitate the national interest, similar to the Strategic Petroleum Reserve of the U.S., to control the energy prices in the market.

Giancarlo compared the crypto reserves to other strategic reserves of governments across the world. According to him, the U.S. would need to accrue its reserves of digital commodities to combat the actions of BRICS countries designed to undermine the global financial powers of the dollar.

The possibility of XRP becoming a part of the federal portfolio was also addressed, particularly amid the legal battle between Ripple and SEC, which will seemingly be resolved soon. The conclusion can result in federal ownership of XRP through punishment or settlements.

Giancarlo criticized earlier administrations for selling crypto assets early. He noted that long-term holding would have delivered higher returns and reduced financial pressure on public budgets.

Christopher Giancarlo’s statements mark a turning point in U.S. financial strategy, where Bitcoin and XRP-backed bonds are gaining traction. The integration of digital assets into public finance is steadily becoming a structured and actionable policy path.

Also Read: Scammers Are Stealing Faces and Crypto by Posing as Binance Support Team

The post Ex-CFTC Chair Backs Bitcoin and XRP Bonds in Bold U.S. Financial Shift appeared first on 36Crypto.