Is Ripple Lobbying Against U.S. Strategic Bitcoin Reserve? CEO Reacts #CriptoNews

Bitcoin is climbing towards new all-time highs, with a major breakout on the horizon. A key driver of this upward momentum is a recent executive order signed by U.S. President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President which includes the creation of a U.S. government Bitcoin Reserve. This move has raised excitement in the crypto world, particularly for Bitcoin enthusiasts.

However, amidst the Bitcoin Reserve news, XRP is facing a lot of heat on social media. Pierre Rochard, VP of Research at Riot Platforms, has claimed that the biggest challenge to the Strategic Bitcoin Reserve (SBR) isn’t the Fed, Treasury, or banks—it’s Ripple. Rochard argues that Ripple is spending millions of dollars lobbying politicians to block the SBR, fearing it could hurt their marketing narrative and push their own agenda for Central Bank Digital Currencies (CBDCs).

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Ripple-Bitcoin Clash Heats Up

Rochard even accused Ripple of trying to sabotage Bitcoin mining under the Biden administration and said Ripple has now “declared war” by attempting to block the Strategic Bitcoin Reserve. According to him, Ripple should have focused on its own business and not interfered with the SBR.

Face the facts: Ripple / XRP has been the leading source of anti-bitcoin misinformation for more than a decade. They have aggressively lobbied policymakers around the world to try to ban bitcoin mining. Weaponizing woke ESG narratives to promote their centralized token,

Rochard said.

In response, Ripple CEO brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. Initially, he worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the “Peanut Butter Manifesto,” requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter.
Details:
Organization: RippleLocation: United StatesEducation: MBA from Harvard Business School and BA from The University of KansasSkills: Venture capital and Startups
Experience:
CEO at Ripplefrom from Jan 2017 – Present ·President and COO at Ripple logo from Apr 2015 – Dec 2016Board Member at Animoto from 2012 – Dec 2017Tonic Health, an R1 company logoBoard Member at Tonic Health from 2011-2016Board Member at Ancestry from 2013 – 2016CEO at Hightail from May 2012 – Sep 2014
FAQs
Who is Brad Garlinghouse?The CEO of Ripple, a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, is Brad Garlinghouse. He has played a significant role in advancing cross-border payments using blockchain technology.What is Brad Garlinghouse’s role at Ripple?Garlinghouse is in charge of Ripple’s expansion and strategic direction in his capacity as CEO. Ripple has concentrated on using blockchain technology to enhance international payment networks under his direction. EntrepreneurInvestorChief Executive OfficerBoard Member fired back, stating that their efforts are actually boosting the chances of a crypto strategic reserve, which could include Bitcoin. Garlinghouse stressed that Ripple’s actions align with the broader goals of the U.S. government to support American companies and technologies.