Ripple scores victory against the Bitcoin Strategic Reserve
Ripple’s dreams came true this month when its pro-altcoin lobbying efforts in the US scored decisive victories, eliminating not only the word “bitcoin” from all executive orders and actions signed by Donald Trump but also killing two efforts to establish a national bitcoin reserve. Outside the US, it’s succeeding with its stablecoin technologies, earning Press Releases for tests, and preliminary projects with banks. It’s even using XRP technology in Central Bank Digital Currency (CBDC) pilots with foreign governments. Sales of their XRP allocations made co-founders Chris Larsen, Jed McCaleb, and Brad Garlinghouse billionaires. With their fortunes, the men have launched various pro-altcoin projects, including this year’s successful effort to delay US Senator Cynthia Lummis’ bill that would have allocated billions of dollars to a US Strategic Bitcoin Reserve (SBR). Instead, Ripple rejoiced when Trump’s signature committed only to a committee that would propose re...
