The price of Bitcoin is rising and may hit new all-time highs, partly driven by a recent executive order signed by U.S. President Donald Trump. This order includes the creation of a U.S. government Bitcoin Reserve, which has generated excitement among Bitcoin enthusiasts. However, XRP is facing criticism on social media for allegedly trying to block the Strategic Bitcoin Reserve. Pierre Rochard, VP of Research at Riot Platforms, claims that Ripple has been spending money on lobbying politicians to prevent the creation of the reserve, as it could harm Ripple's marketing narrative and its agenda for Central Bank Digital Currencies (CBDCs). Rochard accuses Ripple of attempting to sabotage Bitcoin mining under the Biden administration and declares that Ripple has "declared war". Ripple CEO Brad Garlinghouse defends their actions, stating that they are actually supporting the chances of a crypto strategic reserve, including Bitcoin, and aligning with the goals of the U.S. government to support American companies and technologies.
Content Editor ( coinpedia.org )
- 2025-01-25
XRP vs. Bitcoin: Is Ripple Lobbying Against U.S. Strategic Bitcoin Reserve? CEO Reacts
