During an interview with Bradley Kimes from Digital Perspective at the XRP Las Vegas conference, Dzhancarlo noted a growing interest among American politicians in the use of cryptocurrencies in public finance. In Washington, questions are increasingly discussing how the authorities could acquire, store and even release financial instruments based on cryptocurrencies, said Jankarlo. Moreover, this is not limited to the federal level – such strategies are studied by state and local authorities.
Dzhancarlo emphasized that under the new administration of Donald Trump, the authorities began to handle the seized crypto actures differently. Instead of selling confiscated cryptocurrencies, federal agencies are ready to save them for a long time. Dzhancarlo criticized the previous US administration for a premature sale of crypto acts, which, in his opinion, could bring a great profit to the country and help reduce the public debt.
The former CFTC chairman noted that now the executive authorities can hold the seized digital assets without the approval of the congress. Cryptoactives could play the same role as that of the US strategic oil reserve designed to stabilize markets and increase economic sustainability. In addition, digital assets can strengthen the positions of the States on the world arena, especially against the background of the BRICS efforts to combat the dominance of the dollar. Therefore, the United States should create reserves in bitcoins, XRP and other cryptocurrencies, Dzhancarlo added.
Recently, Dzhancarlo called Donald Trump the first cryptocurrency president of the United States, since he allowed the launch of adjustable Bitcoin futures in the first year of his presidency.
Source: Bits
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