Ripple CEO Brad Garlinghouse has responded to accusations regarding his company's involvement in hindering the creation of a strategic Bitcoin reserve.
Garlinghouse's Response
Ripple CEO Brad Garlinghouse took to the X social media network to address accusations of lobbying against Bitcoin. He claims his company is actually increasing the likelihood of a strategic cryptocurrency reserve happening.
Rochard's Arguments
Pierre Rochard, vice president at Riot Platforms, argues that Ripple is jeopardizing the creation of a strategic Bitcoin reserve. He claims the company is aggressively trying to derail this initiative through lobbying.
New Steps in the Crypto Industry
Meanwhile, Changpeng Zhao, the former CEO of Binance, stated that a strategic Bitcoin reserve is pretty much confirmed. This initiative has been backed by Senator Cynthia Lummis, who recently took the helm of the Senate subcommittee on digital assets. Her legislation suggests creating a 1-million-unit Bitcoin reserve.
The issue of establishing a national cryptocurrency reserve continues to spark debates but also signals significant developments in the industry.
