XRP(Ripple) has been exploded as the largest resistance to the US building a strategic reserve of Bitcoin! Spending millions of pounds to lobby politicians for sabotage.

US BTC mining giant Riot Platforms' Vice President of Research, Pierre Rochard, accused Ripple of investing heavily in lobbying American politicians in an attempt to thwart the push for 'BTC Strategic Reserve.' What happened? (Background: New York Post: Trump prioritizes support for Solana, Ripple… and other US companies, 4 years of suppression has ended) (Context: Is a big XRP market coming? The US SEC's lawsuit against Ripple may end by April or May, and XRP Spot ETF is being followed) Pierre Rochard, Vice President of Research at US BTC mining giant Riot Platforms, accused Ripple of investing heavily in lobbying American politicians in an attempt to thwart the push for 'BTC Strategic Reserve.' Ripple CEO Brad Garlinghouse subsequently refuted the allegations, and the two sides engaged in a fierce battle over the roles of BTC and Ripple. Controversy over the BTC Strategic Reserve: Is Ripple the biggest resistance? Pierre Rochard stated that the biggest resistance to pushing the 'Strategic Bitcoin Reserve (SBR)' in the US is not the Federal Reserve, Treasury, or traditional financial institutions, but Ripple's opposition. He directly accused Ripple of investing millions of dollars to actively lobby American politicians in an attempt to sabotage the plan, and also accused Ripple of similar actions during the Biden administration to obstruct the BTC mining industry. Rochard said: Ripple wants to protect its market narrative while promoting the landing of central bank digital coins (CBDCs) based on its platform. The biggest obstacle for the Strategic Bitcoin Reserve is not the Fed, Treasury, banks, or Elizabeth Warren. It’s Ripple/XRP. They are aggressively lobbying against the SBR by throwing around $millions at politicians, desperately trying to derail it. They did the same to… — Pierre Rochard (@BitcoinPierre) January 23, 2025 Ripple's counterattack: supporting the US domestic encryption industry In response to Rochard's accusations, Ripple CEO Brad Garlinghouse immediately denied that Ripple's actions were targeting BTC. He stated that Ripple's efforts are actually advocating for the overall cryptocurrency industry, echoing the core policy of the US government to support domestic enterprises and technological innovation. Garlinghouse also hinted indirectly that the push for the BTC Strategic Reserve may be more feasible with Ripple's participation. Rochard further questioned whether Ripple truly supports Decentralization while also criticizing Ripple's technical architecture, pointing out that Ripple solves transaction processing efficiency issues through centralized Nodes (UNL) at the expense of Decentralization. In contrast, BTC, despite facing challenges in energy consumption and scalability, achieves Decentralization issuance through the Proof of Work (PoW) mechanism, effectively avoiding the problem of monopolistic coin minting taxes. Rochard emphasized: While Ripple's approach is effective, it violates the core principle of Decentralization. Related reports New York Post: Trump prioritizes support for Solana, Ripple… and other US companies, 4 years of suppression has ended Is a big XRP market coming? The US SEC's lawsuit against Ripple may end by April or May, and XRP Spot ETF is being followed XRP Stable Coin RLUSD countdown to launch: Ripple will heavily subsidize, kicking off a customer grab? 'XRP(Ripple) is said to be the biggest resistance to the US's BTC Strategic Reserve! Spending millions to lobby politicians for sabotage' This article was first published on BlockTempo, the most influential blockchain news media in the dynamic area.