Ripple CEO Brad Garlinghouse has voiced his opposition to the creation of a Bitcoin strategic reserve, stating that a digital asset reserve should represent the entire industry and not just one token. He suggested that if such a reserve were to be created, Ripple-affiliated XRP should also be included. Garlinghouse also emphasized that he personally owns multiple tokens, including Bitcoin and Ethereum, advocating for a level-playing field among different tokens. The debate between Bitcoin advocates and XRP fans has intensified, with Ripple being accused of lobbying against a Bitcoin reserve. Garlinghouse's statement seemingly confirmed Ripple's lobbying efforts, arguing against maximalism in the crypto industry. Bitcoin proponents have criticized Ripple, with some calling it a "failed company" and accusing it of spending millions on propaganda campaigns against Bitcoin. The likelihood of the US government creating a national Bitcoin reserve currently stands at 55% in 2025.
Content Editor ( u.today )
- 2025-01-28
Ripple CEO Opposes Bitcoin Reserve
