Ripple has been criticized for advocating a multi-asset crypto reserve over the Bitcoin-only approach
The Bitcoin community is voicing strong criticism against Ripple after it called for a diversified crypto reserve, which includes assets outside of Bitcoin.
This debate has intensified following reports that President Trump is considering a strategic reserve that could include several US-based tokens, including XRP, Coin USD, and Solana.
Ripple CEO Brad Garlinghouse has publicly supported the idea of a multi-basic strategic reserve, a position that has been met with resistance from Bitcoin supporters. Critics argue that Ripple’s push to include multiple cryptocurrencies undermines the expected creation of a dedicated US strategic Bitcoin reserve.
Critics have called Ripple a major roadblock to this initiative. Riot Platforms Research Head Pierre Rochard expressed that political pressure in favor of Ripple and support for central bank digital currencies (CBDCS) detract from Bitcoin’s position.
Bitcoin advocates, including businessman Wayne Vaughan, argue that only bitcoin should appear on the US government’s balance sheet. Vaughan stated that including other encryptions would lead to political repercussions for the Trump administration.
Bitvolt CEO Nico Moran echoed this sentiment, asserting that Ripple’s actions prioritize its own interests over those of the American public.
Messari CEO Ryan Selkis also criticized the lobbying efforts on Ripple, specifically highlighting his relationship with political figures and the implications for national crypto policy. Selkis noted that XRP is a symbol of why a national crypto reserve should not include anything other than Bitcoin.
Amid this controversial backdrop, Trump signed an executive order on January 23 banning CBDC development in the United States and establishing a national digital asset stockpile.
