Ripple is the biggest obstacle for a Strategic Bitcoin Reserve in the US – Riot VP

Riot Platforms vice president Pierre Rochard accused Ripple Labs of actively lobbying against the constitution of a Strategic Bitcoin (BTC) Reserve (SBR) successful the US.

Rochard made the claims successful a Jan. 23 societal media post.

He stated: 

“The biggest obstacle for the Strategic Bitcoin Reserve is not the Fed, Treasury, banks, oregon adjacent Elizabeth Warren. It’s Ripple/XRP. They are aggressively lobbying against the SBR by throwing astir millions of dollars astatine politicians, desperately trying to derail it.”

According to the Riot executive, Ripple’s absorption to the SBR stems from its vested involvement successful promoting cardinal slope integer currencies (CBDCs) that could run connected Ripple’s infrastructure.

Additionally, Rochard said that Ripple allegedly did the aforesaid to onslaught Bitcoin mining nether erstwhile President Joe Biden’s administration. He added that investing successful XRP is the aforesaid arsenic “financing anti-Bitcoin lobbyists.”

Lyudmyla Kozlovska, president of the Open Dialogue Foundation, claimed that Ripple allegedly attacks BTC successful the European Union “even more.”

In different post, Rochard shared a snippet from Ripple CEO Brad Garlinghouse speaking astir a diversified crypto reserve successful the US alternatively of conscionable Bitcoin. The extremity is to see different technologies, which would beryllium “from a diversification constituent of view.”

According to the Riot executive, that’s what Ripple has been championing “behind closed doors” portion waving millions of dollars astatine politicians.

The thought of a Strategic Bitcoin Reserve gained traction among crypto proponents who spot Bitcoin arsenic a important instrumentality for strengthening the US dollar and safeguarding nationalist economical security. Private firms started adopting it, with Riot adding $510 million worthy of BTC successful December.

Recently, reports surfaced that President Donald Trump is talking to Ripple astir creating a US nationalist reserve based connected XRP, Solana (SOL), and USD Coin (USDC). This program would complement a Bitcoin reserve.

As of property time, neither Ripple nor its executives responded to requests for remark connected Rochard’s remarks.

The station Ripple is the biggest obstacle for a Strategic Bitcoin Reserve successful the US – Riot VP appeared archetypal connected CryptoSlate.