Last week, President Donald Trump issued an executive order on crypto that excluded the mention of Bitcoin, causing speculation among Bitcoin supporters that Ripple was behind the omission. Ripple, a cryptocurrency company that holds a significant amount of XRP, allegedly lobbied to ensure that XRP would be included in any future federal crypto reserve. Ripple CEO Brad Garlinghouse responded to the accusations, stating that Ripple is advocating for a general crypto reserve, not just Bitcoin. The accusations sparked a debate between Bitcoin maximalists and Ripple supporters, with Garlinghouse dismissing maximalism as an outdated mode of thinking. The internal rift within the crypto industry over a government crypto reserve may complicate efforts to achieve such an outcome. Senator Cynthia Lummis emphasized the importance of industry factions working together to have a unified voice.



Other News from Today