XRP in the Crosshairs: $40 Trillion Debt Debate Reignites Crypto Focus
The US national debt has surpassed $40 trillion, prompting Vice President JD Vance to discuss potential solutions on Newsmax's Carl Higbie Frontline. When asked about a crypto reserve that could include assets like Bitcoin and XRP, Vance did not endorse any specific coin but noted the administration's economic roadmap aims to grow GDP faster than debt.
Treasury Secretary Scott Bessent echoed this view, saying there is no magic solution for the $40 trillion figure. The administration plans to address the issue through GDP growth and tariff revenue, rather than a crypto reserve mechanism.
The mention of XRP in Higbie's question refers back to President Trump's 2025 statements naming various assets as potential components of a digital asset stockpile. Vance himself has flagged Bitcoin as a strategic asset for the US at past conferences.