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Ripple CEO Sparks Crypto War: Bitcoin Reserve Under Fire

Coin WorldTuesday, Jan 28, 2025 1:39 am ET

1min read

Ripple CEO Brad Garlinghouse has sparked controversy in the cryptocurrency community by opposing the idea of a Bitcoin reserve. The long-standing feud between Bitcoin advocates and XRP fans has escalated, with accusations that Ripple has been secretly lobbying against the initiative. Garlinghouse has confirmed Ripple's lobbying efforts, arguing that maximalism is the "enemy" of crypto progress. However, Bitcoin proponents remain unconvinced, with some accusing Ripple of attempting to destroy Bitcoin through massive propaganda campaigns.

The odds of the US government creating a national Bitcoin reserve in 2025 stand at 55%. Despite the ongoing debate, the cryptocurrency market continues to evolve, with new projects and innovations emerging daily. As the industry grows, so too does the need for responsible regulation and collaboration among stakeholders.

Garlinghouse's stance on a Bitcoin reserve has drawn criticism from some in the crypto community, who argue that Ripple's focus on XRP has led to a conflict of interest. However, others see Ripple's lobbying efforts as a sign of the company's commitment to promoting the wider adoption of cryptocurrencies. As the debate continues, it remains to be seen how the cryptocurrency landscape will evolve in the coming years.

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