- Legal expert Jeremy Hogan speculates on why the U.S. government might include XRP in a potential strategic reserve.
- Hogan argues that critics focus too much on XRP’s decentralization, while the government may view it from an economic standpoint.
- He suggests the government could see XRP as a hedge against future contingencies and even consider taking control of Ripple if needed.
Popular legal expert Jeremy Hogan has offered a speculative take on why the U.S. government might include XRP in its potential strategic digital asset reserve. Hogan recently addressed how crypto enthusiasts, particularly Bitcoin supporters, view government involvement in digital assets, challenging the idea that XRP is unsuitable as a reserve asset.
Hogan Faults XRP Critics
Many Bitcoin proponents argue that XRP’s large holdings by Ripple pose a centralized risk, making it unsuitable for adoption as a reserve asset. However, Hogan pushed back against this criticism, noting that detractors are evaluating XRP’s potential solely from a crypto perspective, focusing on issues like decentralization.
In a recent post on X, Hogan argued that these concerns are irrelevant from a government standpoint. He pointed out that strategic reserves are about stockpiling essential assets, like gold, that can serve national economic interests.
“Maybe the Federal Government isn’t looking at this from a crypto perspective like people here are,” Hogan remarked.
Why the Government Could Adopt XRP as a Reserve Asset
Hogan suggested that if the U.S. government were to include XRP in its strategic reserve, it would likely be because it views the asset as a hedge against future economic contingencies. He also hinted that the government might have better foresight than many Bitcoin proponents when it comes to predicting global economic shifts that could make XRP valuable in the future.
Additionally, Hogan speculated that the U.S. government could take control of Ripple if the company ever jeopardized the XRP Ledger. He compared this to government actions during World War II, where the U.S. intervened in private industries for national security reasons.
Hogan also raised the possibility of the government confiscating Ripple’s XRP holdings in escrow, likening it to President Franklin Roosevelt’s 1933 executive order that forbade the hoarding of gold.
