Trump-appointed CFTC chairman Chris Giancarlo believes the idea of issuing government bonds for crypto assets such as Bitcoin and XRP is more than possible.
Talking Giancarlo, formerly the CFTC chair at Bradley Kimes, the host of the digital perspective platform, shared this view during a discussion at the XRPL Apex 2025 conference in Singapore.
Kimes asked Giancarlo about the growing number of ideas floating in Washington about how governments can acquire and manage digital assets. He pointed out that some people have suggested that the US may one day issue crypto-backed bonds.
“More than the possibility” the government issues cryptocurrency bonds
In response, Giancarlo He said such a move is “more than possible.” According to his disclosure, this is something he expects to see on multiple levels, allowing federal, state and even local governments to ultimately explore the path.
Giancarlo, often Called He was early on in “Crypto Dad.” support Of blockchain technology, current managers have explained that they see true long-term value in holding digital assets.
He said President Trump has problems with how his previous administration handled the tendency to sell code attacks, particularly the coins that have been confiscated. Giancarlo has revealed that the current White House prefers to hold these assets.
In his words, if the government had held Bitcoin seized years ago, it could have created a serious dent in national debt.
He also emphasized that this change is not necessarily necessary. The council of action. In particular, federal agencies already have the authority to hold seized codes, and the White House has begun using that power.
Governments can also use crypto preparation strategically
Meanwhile, Giancarlo said that not only does he hold assets, but the administration is. I’m watching method use Crypto will make a more strategic reservation. He compared it to how the US uses strategic oil reserves. For context, its oil reserves act not only as emergency situations, but also as a tool for economic policy.
In particular, if global oil producers like OPEC try to manipulate prices, the US can release oil from the reserve and push prices back. Giancarlo said the same logic could be applied to digital asset reserves, particularly in the countries of the BRICS Alliance. My own A currency that challenges the US dollar.
In that context, he said it makes sense for the United States to stock up on digital assets just like oil and precious metals. Interestingly, he pointed to examples like China, which regularly stocks up metals and food, saying that as the world’s largest economy, the US should do the same with digital commodities.
Interest in buying more bitcoin
Giancarlo’s comments come as Trump’s digital assets director, Bohines. I’ll continue to explore Several ways to buy more BTC. Remember President Trump signed it Presidential Order In March 2025, we created a strategic Bitcoin Reserve.
The reserve holds over 200,000 Bitcoin, worth around $22 billion press time, I’ve taken it From detectives and citizen confiscation cases. Reserves treat Bitcoin like digital gold and lock it up as a storage for long-term value.
In addition, the government Release Digital asset stockpile. This separate pool includes assets such as Ethereum, XRP, Solana, Cardano. Unlike Bitcoin Reserve, this stockpile allows for control of sales, I’ll give it The Ministry of Finance has more flexibility in managing Digital Holdings.
Kimes concluded the conversation by focusing on the similarity of oil and crypto reserves, suggesting that the government could ultimately affect crypto prices just like oil. Giancarlo agreed that the country has used reserves to shape markets for centuries, and that the US should do the same with digital assets.
