Attorney Jeremy Hogan from Hogan & Hogan P.A.—well-known within the XRP community for his legal insights on the ongoing Ripple vs. SEC lawsuit—floated an idea that has stirred significant debate.
Renowned XRP attorney Jeremy Hogan has recently shared his thoughts on the possibility of the US government establishing XRP as part of a strategic reserve for one interesting reason.
In a post on X , Hogan suggested that the US government may not be particularly interested in the technical aspects of XRP, such as its level of decentralization or how validators are chosen, when considering it for a strategic reserve. Instead, government agencies might be more concerned with the utility and control of the asset.
“A strategic reserve is an asset (ie. gold, oil) that the government believes it should hold in reserve in order to protect the people from something,” Hogan explained. “IF the US Government chooses to hold XRP in a reserve, it will be because it thinks there is a benefit, maybe a hedge, against some future contingency.”
He went on to speculate that the government may have classified insights into potential geopolitical tensions or economic events where holding XRP could be advantageous to the country. Hogan even broached the idea that if Ripple itself were to act counter to US interests, officials could use powers akin to World War II-era industry takeovers or the 1933 gold confiscation.
“And maybe, just maybe, the US Government has greater insight into geopolitical events that would necessitate the need to have a store of XRP in the future than ‘Joe Smith’ Bitcoin enthusiast,” Hogan continued. “And maybe the US Government knows that if Ripple were to do anything to jeopardize the XRP network, etc., it could simply take control of Ripple (think WWII) or confiscate the XRP in escrow (think 1933 gold).”
Hogan’s thread attracted multiple reactions from the community. One user commented, “Dude. That’s brilliant. Made in USA holds implication for a lot of things in this scenario. And you’re exactly right about not fully decentralized. That has no bearing on govt ownership or hedging.” Hogan responded, “It doesn’t matter to them at all. Centralized is much easier to control – they probably like that even more (not saying it’s true though).”
Another user quipped, “They will hold it for the same reason they will hold BTC. Some rich prick will make big donations to the midterms,” to which Hogan replied, “And there is that possibility also.”
As previously reported by XRPL Labs, Ripple’s CEO, Brad Garlinghouse, has voiced skepticism over a single-asset Strategic Bitcoin Reserve (SBR). Instead, he has advocated for a diversified approach—incorporating XRP, and other digital assets made in the United States—to mitigate volatility and ensure broader coverage against varying market conditions.
Meanwhile, Ripple’s lobbying efforts have come under fire from Pierre Rochard, Vice President of Research at Riot Platforms, and other prominent voices from the Bitcoin community. Rochard has alleged that Ripple has spent millions lobbying against a Bitcoin-focused SBR, purportedly in an effort to expand the reserve to include multiple cryptocurrencies, thereby positioning XRP as a key beneficiary.
At press time, XRP is trading at $2.41.