Riot Platforms Vice President: Ripple is investing millions of dollars in lobbying efforts to obstruct the advancement of the U.S. Bitcoin Strategic Reserve plan

2025-01-24 11:04:41

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ChainCatcher news, Riot Platforms Vice President of Research Pierre Rochard pointed out that the biggest obstacle to the Bitcoin Strategic Reserve (SBR) plan does not come from the Federal Reserve, the Treasury, banks, or Elizabeth Warren, but from Ripple/XRP. Ripple is spending millions of dollars on lobbying efforts to try to obstruct the advancement of the U.S. Bitcoin Strategic Reserve (SBR) plan.

Ripple CEO Brad Garlinghouse countered that the company's actions are actually increasing the likelihood of implementing a strategic reserve that includes Bitcoin, aligning with Trump's campaign promise to support American businesses and technology. Pierre questioned whether Garlinghouse himself genuinely holds XRP, implying that he is only selling the tokens. Pierre also pointed out that Ripple had previously targeted the Bitcoin mining industry during the Biden administration using similar tactics, aiming to promote a CBDC based on its platform.

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