Vice President of Riot Platforms: Ripple is investing millions of dollars in lobbying to thwart the US bitcoin strategic reserve plan
2025-01-24 03:02:34
On January 24th, Pierre Rochard, vice president of research at Riot Platforms, wrote that the biggest obstacle to the Bitcoin strategic reserve plan is not from the Federal Reserve, the Ministry of Finance, banks or Elizabeth Warren, but Ripple/XRP. Ripple is investing millions of dollars in lobbying to try to thwart the progress of the US Bitcoin Strategic Reserve (SBR) plan.
Ripple CEO Brad Garlinghouse countered that the company's actions are actually increasing the likelihood of a strategic reserve of cryptocurrencies, including bitcoin, which is in line with Trump's campaign to support American businesses and technology. Pierre questioned whether Garlinghouse himself actually holds XRP, implying that it is only selling tokens. Pierre also pointed out that Ripple had used similar means to crack down on the bitcoin mining industry during the Biden administration to promote a CBDC based on its platform.
Ripple CEO Brad Garlinghouse countered that the company's actions are actually increasing the likelihood of a strategic reserve of cryptocurrencies, including bitcoin, which is in line with Trump's campaign to support American businesses and technology. Pierre questioned whether Garlinghouse himself actually holds XRP, implying that it is only selling tokens. Pierre also pointed out that Ripple had used similar means to crack down on the bitcoin mining industry during the Biden administration to promote a CBDC based on its platform.
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