Odaily News Pierre Rochard, vice president of research at Riot Platforms, wrote on X that the biggest obstacle to the Bitcoin strategic reserve is not the Federal Reserve, the Treasury, the banks, or Warren, but Ripple (XRP). Ripple is actively lobbying against the Bitcoin strategic reserve and has invested millions of dollars in politicians to try to hinder the plan.
Pierre concluded: “Ripple also attacked the Bitcoin mining industry during the Biden administration. It is obvious that they want to protect their marketing effects and promote the implementation of CBDC based on this network.”