TechFlow news — On January 24, Pierre Rochard, Vice President of Research at Riot Platforms, posted that the biggest obstacle to the Bitcoin Strategic Reserve (SBR) plan isn't the Federal Reserve, the Treasury, banks, or Elizabeth Warren—it's Ripple/XRP. Ripple is spending millions in lobbying funds attempting to block the advancement of the U.S. Bitcoin Strategic Reserve plan.
Ripple CEO Brad Garlinghouse countered, stating that the company's actions are actually increasing the likelihood of establishing a cryptocurrency strategic reserve including Bitcoin, aligning with Trump's campaign platform of supporting American businesses and technology.
Pierre questioned whether Garlinghouse personally holds any XRP, implying he is merely selling tokens. Pierre also pointed out that Ripple previously used similar tactics during the Biden administration to undermine the Bitcoin mining industry, aiming to promote a CBDC based on its own platform.
