The ongoing dispute between the XRP and Bitcoin communities has intensified due to differing opinions on the structure of a U.S. strategic crypto reserve.
Forbes Analyst Supports Bitcoin-Only Reserve
Forbes legal analyst Hailey Lennon advocates for a U.S. crypto reserve that excludes assets backed by centralized entities. While she did not mention Ripple or XRP directly, her comments were seen as an attack by many. She emphasized decisions should focus on economic stability, not personal investments.
Key Arguments in the Debate
Debates focus on the decentralization of Bitcoin versus Ripple's perceived centralization. Lennon suggests XRP is influenced by centralized entities, risking market manipulation. Claims that Ripple has always supported Bitcoin are refuted by pointing to its past lobbying efforts.
Ripple’s Former Director Reacts
Former Ripple developer and current Bitcoin holder Matt Hamilton expressed disappointment over the divisive stance among leaders, advocating for industry collaboration instead of conflict.
As debates continue, the decision on the structure of a U.S. crypto reserve—whether diversified or Bitcoin-only—remains unresolved. Supporters of a diversified reserve argue for stability and risk mitigation, while proponents of a Bitcoin-exclusive reserve focus on security and decentralization.
