xrp-usdOlumide Adesina•Saturday, January 25, 2025•1 min read Add an article to your Reading ListRegister now to be able to add articles to your read
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Olumide Adesina•Saturday, January 25, 2025•1 min read
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Pierre Rochard, vice president of research at Riot Platforms recently stated that Ripple poses a greater threat to the Strategic Bitcoin Reserve (SBR) than the Fed, Treasury, or banks.
According to Rochard, Ripple is spending millions of dollars urging lawmakers to thwart the SBR because they are concerned that it will undermine their marketing strategy and advance their goals for Central Bank Digital Currencies (CBDCs).
Ripple has now “declared war” by attempting to block the Strategic Bitcoin Reserve, according to Rochard, who also accused the company of trying to sabotage Bitcoin mining during the Biden administration.
‘The most prominent source of false information against Bitcoin has been Ripple or XRP. They have vigorously urged governments everywhere to attempt to outlaw Bitcoin mining. using woke ESG narratives as a weapon to advance their centralized token’, according to Rochard.
Ripple redirected funds to committees and other political initiatives rather than buying Bitcoin. Ripple and its pro-altcoin lobbyists like Fairshake will have more time to sway policy and budgetary decisions under Trump’s administration.
Brad Garlinghouse, the CEO of Ripple, retaliated, saying that their work is increasing the likelihood of a crypto strategic reserve, which may include Bitcoin. Garlinghouse emphasized that Ripple’s activities align with the U.S. government assistance for American businesses and technology.
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
Pierre Rochard, vice president of research at Riot Platforms recently stated that Ripple poses a greater threat to the Strategic Bitcoin Reserve
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