His remarks come amid ongoing discussions about the potential creation of a national digital asset stockpile under President Donald Trump’s administration.

Garlinghouse shared his perspective on social media, stating that the future of crypto lies in a multichain ecosystem. He highlighted the need for a level-playing field where no single token dominates, suggesting that a government digital asset reserve should reflect the diversity of the crypto industry.

“I own XRP, BTC, and ETH, among a handful of others – we live in a multichain world,” Garlinghouse said on X. “If a govt digital asset reserve is created, I believe it should be representative of the industry, not just one token (whether it be BTC, XRP, or anything else).”

Trump’s Digital Reserve Proposal

The idea of a U.S. digital asset reserve gained traction after President Trump proposed evaluating its feasibility during his campaign. While the market expects bitcoin to feature prominently in any potential reserve due to its institutional adoption and leading market value, the exact structure of such a stockpile remains uncertain.

On decentralized betting platform Polymarket, traders currently estimate just a 19% chance that Trump will announce a BTC reserve within the first 100 days of his administration. This skepticism highlights the political and logistical hurdles involved in implementing such a project.

The Case Against Maximalism

Garlinghouse took the opportunity to criticize crypto maximalism, the belief that one token should dominate the market. He described this mindset as counterproductive to the broader progress of the crypto industry.

“Maximalism remains the enemy of crypto progress, and I’m very glad to see fewer and fewer folks ascribe to this outdated and misinformed thinking,” he said.

Ripple’s XRP, a digital asset designed to streamline cross-border payments and remittances, exemplifies the utility-driven approach that Garlinghouse advocates. However, XRP has faced market volatility, recently falling nearly 10% to $2.65 despite trading at $3.09 earlier.

The Path Forward

As discussions about a U.S. digital asset reserve continue, Garlinghouse’s call for inclusivity reflects a broader sentiment within the industry. By prioritizing diversity and functionality, a reserve could serve as a robust foundation for the nation’s digital financial strategy.

Whether the Trump administration moves forward with a reserve or not, the debate underscores the evolving role of digital assets in global financial systems and the importance of balanced representation in any government-backed initiative.