Ripple CEO Brad Garlinghouse has taken to social network X to address Accusations of lobbying against Bitcoin.
Garlinghouse claims his company’s efforts are already in place more The possibility of a strategic cryptocurrency reserve.
Pierre Rochard, vice president of mining giant Riot Platforms, said that Ripple is actually the biggest obstacle to creating a strategic Bitcoin reserve.
Roshard claims the enterprise blockchain company, linked to the controversial XRP cryptocurrency, is “desperately” trying to derail the reserve through aggressive lobbying.
Garlinghouse’s response indicates that Ripple is already advocating a multi-token reserve. This will not sit well with Bitcoin supporters who see the flagship cryptocurrency as a digital alternative to gold.
“Pretty much confirmed”
Meanwhile, Changpeng Zhao, former CEO of Binance He said That the Bitcoin Strategic Reserve is “largely confirmed.”
“Cryptocurrencies are moving at crypto speed again,” the cryptocurrency mogul added.
This comes after Senator Cynthia Lummis of Wyoming was selected to chair the new Senate Subcommittee on Digital Assets.
Related to
Loomis, a long-time cryptocurrency supporter, introduced her legislation aimed at creating a Bitcoin reserve of 1 million units last year.
Despite facing significant criticism from crypto naysayers, the initiative has managed to gain significant traction.
According to Polymarket bookmakers, there is a 48% chance of creating a strategic reserve of Bitcoin within the next three months.
It has been reported that a working group has been appointed to evaluate the creation of a national cryptocurrency reserve.
