{"id":147526,"date":"2025-01-25T12:00:02","date_gmt":"2025-01-25T10:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=147526"},"modified":"2025-01-24T18:46:55","modified_gmt":"2025-01-24T16:46:55","slug":"ripple-accused-of-opposing-bitcoin-only-reserve","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ripple-accused-of-opposing-bitcoin-only-reserve\/","title":{"rendered":"Ripple Identified as Biggest Obstacle to Bitcoin-Only Strategic Reserve"},"content":{"rendered":"<p>Although the order doesn\u2019t directly mention <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>, it underscores the U.S.\u2019s intention to bolster its dominance in digital finance while also ruling out Central Bank Digital Currencies (CBDCs). The proposed reserve has sparked controversy, particularly due to claims that Ripple and its native token, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">XRP<\/a><\/strong>, are actively lobbying against it.<\/p>\n<p>Pierre Rochard, VP of Research at Riot Platforms, has <strong><a href=\"https:\/\/x.com\/BitcoinPierre\/status\/1882472124092416355\" target=\"_blank\" rel=\"nofollow\">publicly<\/a> <\/strong>accused Ripple of working against a Bitcoin-centric reserve, suggesting that Ripple prefers a more diversified reserve that could include XRP and other tokens. He further criticized the company\u2019s past lobbying efforts, particularly targeting Bitcoin mining and environmental concerns, which have raised questions about Ripple\u2019s strategy in Washington.<\/p>\n<p>Ripple CEO Brad Garlinghouse, however, defended the company, arguing that their efforts align with U.S. interests in promoting innovation. He dismissed claims of opposing a Bitcoin reserve, suggesting that their stance actually helps strengthen the idea of a crypto reserve that could also include Bitcoin.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/trump-themed-meme-coins-spark-surge-in-scams-targeting-investors\/\" title=\"Trump-Themed Meme Coins Spark Surge in Scams Targeting Investors\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/cryptocurrency-scam-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Trump-Themed Meme Coins Spark Surge in Scams Targeting Investors<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The conflict intensified when Rochard questioned Garlinghouse\u2019s personal involvement with XRP, hinting at a potential conflict of interest. Rochard also pointed out Ripple\u2019s broader efforts to shift the narrative away from Bitcoin, promoting a diversified crypto reserve instead. This approach, according to Rochard, diverts attention from the core goal of maintaining Bitcoin as the primary asset in a strategic reserve.<\/p>\n<p>Ripple\u2019s critics, including Ryan Selkis from Messari, have voiced similar concerns, arguing that the push for XRP\u2019s inclusion is misguided. They maintain that Bitcoin\u2019s unique role in the market makes it the only logical choice for such a reserve, further emphasizing the ongoing tension between Ripple and Bitcoin advocates.<\/p>\n<p>As discussions continue, the fate of the U.S. digital asset reserve and Ripple\u2019s role in it remain uncertain. The outcome will likely shape the future regulatory landscape, with implications for both Bitcoin\u2019s position in the financial system and Ripple\u2019s broader strategy in the crypto ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new debate has emerged in the crypto world following U.S. President Donald Trump\u2019s recent executive order, which addresses the creation of a &#8220;digital asset strategic reserve.&#8221;<\/p>\n","protected":false},"author":3,"featured_media":145569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,22],"tags":[],"class_list":["post-147526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - 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