Popular legal expert Jeremy Hogan offers a speculative idea of why the U.S. government might include XRP in its potential strategic reserve.
Attorney Hogan recently challenged how several crypto enthusiasts, particularly Bitcoin proponents, perceive government involvement in digital assets.
Hogan Faults XRP Critics
Recall that some Bitcoin proponents claim that XRP is not a suitable reserve asset. They argue that Ripple’s large holdings of XRP pose a centralized risk for its potential adoption as a reserve asset.
However, in a recent X post, Attorney Hogan faulted these critics for evaluating XRP’s potential involvement in the U.S. digital asset strategic reserve solely from a crypto point of view. He suggested that these detractors are focused on whether XRP is decentralized and other crypto-related assessments.
Notably, he emphasized that these things are irrelevant to the government. According to him, a strategic reserve represents a stockpile of essential assets, like gold, that the government maintains for economic reasons.
“Maybe the Federal Government isn’t looking at this from a crypto perspective like people here are,” Attorney Hogan remarked.
Let me just throw out a thought on XRP as part of a U.S. digital asset strategic reserve.
Almost everyone on crypto-X is looking at the issue from a “crypto” perspective. Is it decentralized? How are validators chosen? Etc.
None of that really matters to the Federal Government.…
— Jeremy Hogan (@attorneyjeremy1) February 2, 2025
Why the Government Could Adopt XRP as a Reserve Asset
The lawyer suggested that should the government include XRP in the potential reserve, it will be because it believes the coin could serve as a hedge against some future contingencies.
Additionally, attorney Hogan asserted that the government could have better foresight than most Bitcoin proponents about potential global economic shifts requiring an XRP store in the future.
Furthermore, he highlighted the possibility of the U.S. government taking control of Ripple if the company jeopardizes the XRP Ledger. According to him, this move is similar to the U.S. government’s actions during World War 3.
Besides this, Hogan suggested that the government could also confiscate Ripple’s XRP in escrow, similar to how President Franklin Roosevelt issued an executive order in 1933 forbidding the hoarding of gold.
Status of U.S. Digital Asset Strategic Reserve
Currently, the government has not decided whether to create a national digital asset reserve or which crypto will be featured. However, a presidential working group is already evaluating the risks and benefits of this initiative.
This group will submit a comprehensive report to the Assistant for National Economic Policy within 180 days of Donald Trump’s executive order for digital asset markets.
While it remains uncertain which crypto will be featured in the potential stockpile, Ripple is already making moves to ensure that the government creates a multi-asset reserve instead of one built around one cryptocurrency like Bitcoin. As previously reported, Ripple CEO Brad Garlinghouse confirmed he met with Trump regarding this issue.
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