Christopher Giancarlo, who previously chaired the U.S. Commodity Futures Trading Commission (CFTC), has stated that the issuance of government bonds backed by digital assets such as Bitcoin and XRP is more than a theoretical concept. He said it is a realistic path forward.
During an interview with Bradley Kimes of Digital Perspective at the XRP Las Vegas conference, Giancarlo outlined how digital assets are increasingly viewed as viable components of public finance by both federal and local governments.
Giancarlo’s growing interest among U.S. policymakers in utilizing cryptocurrencies in public finance. He noted that conversations in Washington are increasingly considering how various levels of government could acquire, hold, and even issue financial instruments based on crypto assets. He believes this is not confined to the federal level but could also include state and local governments exploring similar strategies.
MUST LISTEN: The honorable Chris Giancarlo on stage at XRPLasVegas2025.
Will we see US Digital Asset Bond Issuance?
Will the US Govt acquire digital assets through a bond issuance and control the price of XRP and other digital assets like oil?
One of the most important 4:22… pic.twitter.com/JjzG5ER8YU
— Digital Perspectives (@DigPerspectives) June 12, 2025
Shifting Federal Strategy Toward Digital Asset Retention
Giancarlo highlighted a notable shift in the President Trump administration’s handling of confiscated digital assets. He has positively impacted the crypto market so far. Rather than liquidating seized cryptocurrencies, federal agencies are retaining them as long-term strategic holdings.
As a result, some have speculated that the government could hold XRP via Ripple’s penalty in the legal battle with the SEC. Giancarlo criticized previous administrations for selling off assets prematurely, arguing that holding them could have yielded significant gains and helped reduce financial burdens.
He emphasized that this change does not require congressional approval, as executive agencies already have the authority to retain seized digital assets. Giancarlo proposed that digital assets could serve a role similar to the U.S. Strategic Petroleum Reserve, which is used to stabilize markets and enhance economic resilience.
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He suggested that digital assets could bolster national influence, especially amid BRICS efforts to challenge the dollar’s dominance. Drawing parallels to China’s stockpiling of strategic resources, Giancarlo argued the U.S. should build reserves of Bitcoin, XRP, and other digital commodities.
Establishment of Cryptocurrency Reserves
This vision is already taking shape. In March 2025, President Trump signed an executive order establishing the Strategic Bitcoin Reserve, which now holds over 200,000 BTC, primarily obtained through forfeitures. It is positioned as a long-term store of value, akin to digital gold.
Notably, the administration also launched the Digital Asset Stockpile to hold Ethereum, XRP, Solana, and Cardano. This reserve allows for controlled asset management and greater flexibility. Kimes concluded that digital reserves could be used as instruments of market influence, much like oil reserves, to steer financial policy and respond to economic threats.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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