Ripple CEO confirms discussing the possibility of using XRP as a strategic reserve asset for the United States with Trump
PANews reported on January 28, according to Walter Bloomberg, Ripple CEO Garlinghouse confirmed that he had discussed with Trump the possibility of using XRP as a strategic reserve asset for the United States and emphasized that reserves should be diversified. He also refuted claims of trying to suppress Bitcoin. He pointed out that the opportunities in the crypto industry are huge and there will be multiple winners in the future.
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After Walsh's hawkish remarks, Trump said: "Raising interest rates is absurd. Walsh will do what he must do."
On Monday, Trump said he had great respect for Walsh, stating, "He will do what he needs to do," and added, "In my view, we should be paying interest rates far lower than anywhere else in the world. Raising rates is absurd." Following Walsh's hawkish remarks at the Jackson Hole symposium last Friday, market pricing for a rate hike in September rose to about 60%. Barclays now expects the Federal Reserve to raise rates twice more this year, in September and December, whereas previously, Barclays had predicted no further rate hikes this year.
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