Vance Stokes Crypto Reserve Discussion Amid US Debt Crisis
The US national debt has surpassed $40 trillion and is now at a critical juncture. Vice President JD Vance appeared on Newsmax's Carl Higbie Frontline to discuss potential solutions, including a digital asset reserve that could include Bitcoin, XRP, and other cryptocurrencies.
Vance did not endorse any specific coin but emphasized Treasury Secretary Scott Bessent's economic roadmap, which aims to grow the economy faster than debt. He also highlighted nearly $19 trillion in projected foreign investment over the next decade as part of the administration's fiscal strategy.
The mention of XRP in the interview sparked interest among investors, who have been tracking policy developments in Washington. Ripple CEO Brad Garlinghouse recently attended a White House crypto summit with President Trump and other officials to discuss advancing the CLARITY Act, a landmark digital asset market-structure bill facing a Senate vote on September 15.
XRP has surged over 16% in 24 hours and 51% across the past week, reflecting market sensitivity to any policy signal that involves the asset. The administration's pro-crypto posture continues to normalize XRP as a politically visible asset, whether or not it formalizes a reserve mechanism.