Ripple Challenges Strategic Bitcoin Reserve Plans
Pierre Rochard, vice president of Riot Platforms, claimed that Ripple constituted the biggest challenge to establish a strategic Bitcoin reserve (SBR).
According to Rochard, Ripple’s resistance originated from its vested interest in promoting the central bank’s digital currency (CBDC), which aims to operate on Ripple’s infrastructure.
Ripple is suspected of opposing Bitcoin reserves
Rochard paid attention to X (used to Twitter) and charged Ripple has been widely lobbying SBR initiativeEssence He accused the company of spending “millions” to affect politicians and derail.
“The biggest obstacle of strategic Bitcoin reserves is not the Federal Reserve, the Ministry of Finance, the bank or Elizabeth Warren. This is Ripple/XRP,” Rochard’s postal read.
He further claims The ripple used to be targeted Bitcoin mining Jaundice The government of Biden asserts the company to protect its marketing narrative and give priority to CBDC established on its platform.
CBDC is a digital version of a national legal currency. Unique Cryptocurrencies such as Bitcoin (BTC)In operation on the decentralized network, CBDC is concentrated and controlled by a single authorities (such as the National Central Bank).
It is worth noting that Ripple is very active in CBDC development. In May 2023, the company launched a dedicated platform Help for the release of CBDC and StableCoins.
Rochard suggested that Ripple hopes that former Vice President Kamala Harris can support the use of Ripple technology to implement the US CBDC. In the presidential campaign, Chris Larsen, The co -founder of Ripple, publicly recognizes HarrisEssence
The report shows that Larson has contributed more than $ 11 million Political Action (PACS) to support Harris. At the same time, Ripple CEO Brad GarlingHouse emphasized the company’s two -party method in the United States to promote encrypted friendship policies.
However, Rochande claim The President of Donald Trump was caught off guard by Ripple and subsequently exacerbated his lobbying efforts to affect US policies to support its policies.
Trump has always been CBDC’s voice critics and describes it as a tool for “government tyranny”. During the campaign, Trump announced him Will “never allow” CBDC to rootEssence
Thursday, He signed an administrative order It is forbidden to create and distribute in CBDC in the United States.
In response to Robcha’s claims, Ripple CEO Brad GarlingHouse rejected the allegations.
“Unless you choose the core purpose of ignoring the POTUS movement (the activity actively supports American companies and technology), our efforts are actually increasing the possibility of encrypted strategic reserves (including Bitcoin),” our efforts are actually increasing. ” Publish On X.
However, Rocus insists that any strategic Bitcoin reserve should involve only Bitcoin.
“Want to add random” encryption “is opposed,” he statementEssence
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