Jeremy Hogan, a prominent lawyer in the Ripple case against the Securities and Exchange Commission (SEC), has raised a controversial idea that the US government may consider Ripple as part of its strategic reserves. Hogan argues that instead of focusing on technical aspects like decentralization, the government values utility and control more. He believes the government may have confidential information on geopolitical events that makes holding XRP tokens useful. Hogan even mentioned the possibility of Ripple’s currency being seized by the government if Ripple acts against US interests. This theory has stirred different reactions in the digital currency community. Brad Garlinghouse, CEO of Ripple Labs, had previously supported a more diverse approach to strategic reserves, stating that they should include various currencies and not be limited to Bitcoin. Meanwhile, Ripple’s lobbying efforts have faced criticism from the Bitcoin community.
