Ripple CEO Addresses Accusations of Lobbying Against Bitcoin
Ripple CEO Brad Garlinghouse has taken to the X social media network to address accusations of lobbying against Bitcoin.
Garlinghouse claims that his company's efforts are actually increasing the likelihood of a strategic cryptocurrency reserve happening.
Pierre Rochard, vice president at mining giant Riot Platforms, has argued that Ripple is supposedly the biggest obstacle to the creation of the strategic Bitcoin reserve.
Rochard claims that the enterprise blockchain company, which is linked to the controversial XRP cryptocurrency, is "desperately" trying to derail the reserve with aggressive lobbying.
Garlinghouse's response suggests that Ripple is actually advocating for a multi-token reserve. This will not sit well with Bitcoin proponents who see the flagship cryptocurrency as a digital alternative to gold.
"Pretty much confirmed"
In the meantime, Changpeng Zhao, the former CEO of the Binance exchange, has said that a strategic Bitcoin reserve is "pretty much confirmed."
"Crypto moving at crypto speed again," the cryptocurrency mogul has added.
This comes after Senator Cynthia Lummis of Wyoming was picked to chair the new Senate subcommittee on digital assets.
Lummis, a longtime cryptocurrency proponent, introduced her legislation aiming to create a 1-million-unit Bitcoin reserve last year.
Despite facing substantial criticism from crypto naysayers, the initiative has managed to gain significant traction.
According to Polymarket bettors, there is a 48% chance of a strategic Bitcoin reserve being created during the following three months.
It has been reported that a working group is set to evaluate the creation of a national cryptocurrency reserve.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show
Dogecoin (DOGE) jumps 38%, and Cardano (ADA) launches an AI testnet, but Unstaked’s advanced AI agents go beyond marketing, offering real impact and value.Dogecoin (DOGE) Future: Aiming for $3.94 with MomentumCardano (ADA) Blockchain Tests AI ScalabilityUnstaked: AI That Goes Beyond MarketingFinal Take: Real AI Utility vs. Hype

ETH Trades at Historic Lows vs BTC Since 2019
ETH hits lowest value compared to BTC since 2019, raising questions on a potential rebound amid mixed fundamentals.ETH Undervalued Against BTC: A Historical SetupBullish History, Bearish FundamentalsPatience Required for Ethereum Bulls

Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis
BTFD Coin surges in Stage 15 with 90% APY staking and 200% bonus. Best meme coin presale to buy now before it launches on May 27!BTFD Coin (BTFD) – The Bulls Are Charging, Are You In?Dogecoin (DOGE) – The OG Meme King Facing Shaky GroundPopcat (POPCAT) – The Smart Money Magnet of the Moment

SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy
Explore Shiba Inu (SHIBA) recovery trends, Cardano (ADA) prediction backed by developer growth, and how Web3 ai’s Portfolio Optimizer replaces guesswork with smart strategy. Learn why Web3 ai is gaining traction among the highest trending crypto tools.Web3 ai’s Portfolio Optimizer Turns Guesswork Into GainsShiba Inu (SHIBA) Recovery Sparks Renewed Interest After Key Price ReboundCardano (ADA) Prediction: Development Surge Fuels Bullish OutlookStrategy Over Speculation

Trending news
MoreCrypto prices
More








