Former CFTC Chairman: "Bitcoin and XRP-backed U.S. Treasuries Could Become a Reality"

The issuance of U.S. Treasuries backed by Bitcoin (BTC) and XRP has been proposed as a “feasible strategy.”

According to Coinpedia, a media outlet specializing in digital assets, on the 13th (local time), Chris Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated at the XRPL Apex 2025 event held in Singapore: “The issuance of government bonds based on Bitcoin and XRP is now considered more than just a possibility, but a practical strategy.”

Giancarlo remarked, “If the government had held onto the Bitcoin it confiscated several years ago, it could have offset a portion of the national debt,” and added, “Even without amending any related laws, federal agencies already have the authority to hold seized digital assets, and now that authority is being actively utilized.”

He continued, “Just as the U.S. uses strategic petroleum reserves to stabilize oil prices, digital assets can also be managed as strategic reserve assets,” adding, “Especially as BRICS nations develop alternatives to the U.S. dollar and China moves to stockpile resources, the U.S. could also maintain market leadership by stockpiling virtual assets.”