Billionaire Asset Manager Says XRP Could Be Ordered as the Base Layer for National Banking
19h ago•
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Mark Yusko, the CEO of Morgan Creek Capital Management, has made a noteworthy statement regarding the potential role of XRP in the future of U.S. crypto policy.
Yusko noted that there was growing discussion that the new Donald Trump administration might expand its strategic crypto reserve beyond Bitcoin to include some like XRP, Cardano (ADA), and Hedera (HBAR).
He cited that founders of these altcoins are cultivating relationships with the Trump family, particularly with Eric Trump. Notably, Yusko expressed this perspective in a recent appearance on the Good Morning Crypto Show.
While the financial world widely recognizes Bitcoin as "digital gold," Yusko highlighted that other cryptocurrencies such as XRP could play different roles in a broader financial ecosystem.
"There’s some talk that XRP [XRP Ledger] could be utilized—or even mandated—as the base layer for a central bank digital currency (CBDC) or for national banking infrastructure," Yusko noted.
Widely followed XRP influencer "Digital Asset Investor," who also featured in the podcast, highlighted Yusko's statement in a post on X.
https://twitter.com/digitalassetbuy/status/1881675141475668279
XRP as US National Reserve
The speculation regarding XRP's future role in U.S. monetary policy has been buzzing in the crypto community. It gained momentum last week after The Crypto Basic report indicated that President Trump is considering signing an executive order to create a U.S. national reserve of digital assets, focusing on cryptocurrencies developed in the U.S.
Notably, the report highlighted that Trump is "open" to such an idea. This initiative aims to strengthen America's position in the global crypto economy by prioritizing domestic blockchain projects.
While supporters view this as a way to enhance U.S. competitiveness, critics argue it could undermine Bitcoin’s global standing. Meanwhile, Trump has had meetings with the founders and firms associated with these U.S.-based coins, likely in an effort to advance this proposal.
Ripple, in particular, has garnered more publicity for this initiative amid news of its ongoing discussions with key figures from the Trump team, including a recent meeting between CEO Brad Garlinghouse and Vice President James David Vance.
In his commentary, Yusko pointed out that he is uncertain if this move will occur within the first 100 days of the new administration. However, he noted that leveraging XRP for a CBDC project or as a foundational element in national banking systems could have profound implications for the cryptocurrency market.
“If that does happen, it changes things,” he said.
19h ago•
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