Ripple $3.2 Labs, Bitcoin 
$105,174.1 He is criticized for active lobbying against his efforts to create strategic reserves (SBR). Riot Platform’s Vice President Pierre Rocard claimed that Ripple Labs had spent millions of dollars on politicians to undermine these plans.
Strategic Bitcoin Reserve: Rocard’s claims
According to Rocard, the biggest factor that prevents the strategic Bitcoin reserve is not the Fed. US Treasury Ministry, banks or Elizabeth Warren, such as people do not constitute an obstacle, he said.
Rocard said the real problem was to focus on Ripple Labs and XRP. Riot Platforms manager, Ripple, “SBR aggressively lobbying against the SBR and spends millions of dollars on politicians”. Ripple believes that the aim of Labs is to undermine strategic Bitcoin reserve plans.
Ripple Labs CEO’s reaction
Brad Garlinghouse responded to Rocard’s claims, perhaps ignored the basic principles of Donald Trump’s campaign. Garlinghouse emphasized the promises of supporting American companies and technologies of the campaign.
Pierre Rocard raised Ripple Labs’s allegations of lobbying against SBR.
Garlinghouse said that Ripple Labs’s efforts are actually increasing the likelihood of a crypto strategic reserve, including Bitcoin.
Trump administration fulfills the campaign sermons
On the X platform, Trump signed an executive order for national digital assets. The President supported the fact that various Altcoins, including XRP, to be on the list.
The announcement of this national digital asset stock is seen as an important development for the crypto industry. President Trump greatly fulfills its campaign promises for the digital currency ecosystem.
After the president began to work, White House Mark Uyeda appointed the US SEC as a temporary president. He also appointed Caroline Pham as the President of the Commodity Futures Trade Commission (CFTC). Both regulators were with Kripton and supported by sector leaders.
When Uyeda took office, it created a crypto task force under the leadership of Hester Peirce to direct the regulatory agenda of the sector.
Ripple Labs’s reaction to these initiatives arouses curiosity about how the company will shape its future strategies.
This struggle between Ripple Labs and Bitcoin strategic reserve arouses significant repercussions in the crypto market. From an impartial perspective, the effects of such developments on the future of the crypto ecosystem should be carefully monitored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
