Bitcoin reserve or nothing — Ripple slammed for pushing multi-asset reserve
The Bitcoin community is criticizing Ripple for its advocacy of a multi-coin strategic reserve in the US instead of a Bitcoin-only reserve. Critics, including Bitcoin advocate Wayne Vaughan, argue that Ripple’s inclusion of coins like XRP and Solana threatens the establishment of a Strategic Bitcoin Reserve. Ripple’s CEO Brad Garlinghouse has publicly supported a diversified reserve, indicating that their approach could help the introduction of a crypto reserve that includes Bitcoin. Critics like Riot Platforms’ Pierre Rochard label Ripple as the biggest obstacle to a Strategic Bitcoin Reserve, accusing the company of prioritizing its interests over the broader crypto community’s goals. The negative sentiment towards Ripple intensified, with claims that supporting a multi-asset reserve could lead to significant political fallout for the US government. The debate escalated after President Trump showed interest in creating a strategic reserve for cryptocurrencies.
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