Ripple's outbreak is the biggest resistance to the United States' strategic reserves for Bitcoin! Spend millions of dollars to sabotage?

The US cryptocurrency field has caused a stir recently. Pierre Rochard, vice president of research at Riot Platforms, publicly accused Ripple of spending huge money to hinder the United States from establishing a strategic Bitcoin reserve plan. Ripple CEO Brad Garlinghouse immediately refuted, and the two sides started a fierce debate on this.

Bitcoin's strategic reserves are blocked: Is Ripple behind the scenes?

Rochard pointed out on social media that it is not traditional financial institutions that block the US Bitcoin Strategic Reserves (SBR) plan, but Ripple. He claimed that Ripple spent millions of dollars on lobbying in an attempt to undermine the plan and suggested that Ripple had used similar measures to hinder the development of Bitcoin mining during the Biden administration. Rochard believes that Ripple's move is to maintain its market position and promote the implementation of central bank digital currency (CBDC) on its platform.

Ripple's rebuttal: Maintain the interests of the overall crypto industry

Faced with the allegations, Garlinghouse denied Ripple's targeting Bitcoin and said that its actions aim to safeguard the interests of the entire cryptocurrency industry and are in line with the U.S. government's policy direction to support local enterprises and technological innovation. He even suggested that Ripple's participation may have promoted the feasibility of Bitcoin's strategic reserve plan.

Rochard questioned Ripple's motivation: Just to sell coins?

Rochard questioned Garlinghouse's response, asking whether it actually holds XRP or just use it as a profit tool. He also questioned whether Ripple really wanted the government to buy XRP, believing that this was contrary to his attitude towards Bitcoin.

The battle for decentralization: Ripple model is criticized

Rochard further criticized Ripple's technical architecture, pointing out that it improved transaction efficiency through centralized nodes (UNL), but sacrificed decentralization. He compared this with Bitcoin's Proof of Work (PoW) mechanism, emphasizing that although Bitcoin faces energy consumption and scalability problems, its decentralized issuance mechanism effectively avoids monopoly minting tax. Rochard concluded that although Ripple's model is efficient, it deviates from the core principles of decentralization.

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