Riot Platforms vice president Pierre Rochard accused Ripple Labs of actively lobbying against the establishment of a Strategic Bitcoin (BTC) Reserve (SBR) in the US.
Rochard posted the claim on social media in a post dated Jan. 23.
The statement was made by:
“The biggest obstacle for the Strategic Bitcoin Reserve is not the Fed, Treasury, banks, or even Elizabeth Warren. It’s Ripple/XRP. They are aggressively lobbying against the SBR by throwing around millions of dollars at politicians, desperately trying to derail it.”
According to the Riot executive, Ripple’s opposition to the SBR stems from its vested interest in promoting central bank digital currencies (CBDCs) that could operate on Ripple’s infrastructure.
Additionally, Rochard said that Ripple allegedly did the same to attack Bitcoin mining under former President Joe Biden’s administration. He also said that buying XRP works the same way as investing in Bitcoin. “financing anti-Bitcoin lobbyists.”
Lyudmyla kozlovska, President of the Open Dialogue Foundation You can claim your right to claim Ripple has allegedly attacked BTC in Europe “even more.”
In another blog post, Rochard posted a snippet of Ripple’s Brad Garlinghouse talking about a diversified cryptocurrency reserve in the US rather than just Bitcoin. It is the goal to incorporate other technologies. “from a diversification point of view.”
According to the Riot executive, that’s what Ripple has been championing “behind closed doors” Millions of dollars are being waved at politicians.
Bitcoin proponents are embracing the concept of a Strategic Bitcoin Reserve. They see Bitcoin as being a vital tool in strengthening the US Dollar and safeguarding nation economic security. Private firms started Riot is a great way to adopt it. Addition of $510 M BTC worth in December
Recently, reports surfaced Donald Trump, President of the United States is in talks with Ripple regarding a US reserve based upon XRP and USD Coin. This plan is a complement to a Bitcoin Reserve.
As of press time, neither Ripple nor its executives responded to requests for comment on Rochard’s remarks.
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