Former CFTC Chairman Chris Giancarlo was appointed by US President Donald Trump during his former president and spoke about Bitcoin (BTC) and XRP.
Speaking at the XRPL Apex 2025 conference in Singapore, Chris Giancarlo noted that the US government is increasingly interested in the idea of issuing cryptocurrency bonds.
Bitcoin and XRP are more than the possibilities for the US!
At this point, Chris Giancarlo said the US could issue Bitcoin and XRP-backed cryptocurrency bonds, and that BTC and XRP-backed US cryptocurrency bonds are more than possible.
Giancarlo, known as the “Crypto’s Godfather” for his early support to the industry, said the current Trump administration has taken a very different approach to its predecessor and sees long-term value.
At this point, Giancarlo said that in recent years federal agencies have been selling cryptocurrency seizures frequently, saying, “This strategy has changed during the Trump era. Now, the administration believes that holding digital assets can help the US financially strengthen its financially.”
He said he supports a strategic Bitcoin Reserve, and Giancarlo argued that the sale of BTC was a huge loss for the US.
“If the US government had not held the bitcoin it had been seized and sold several years ago, it could have reduced its citizens’ debt quite a bit.
“In fact, the government can do this without changing the relevant laws. Federal agencies already have the authority to hold seized digital assets, and that authority is currently being actively used.”
As is well known, President Donald Trump signed an executive order in March, and currently includes more than 200,000 BTC worth around $22 billion. These assets are seized through criminal and civil confiscation and are held as long-term assets similar to gold.
Trump has also launched digital asset stocks that hold other altcoins besides Bitcoin, such as Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP.
*This is not investment advice.
