Ripple's Opposition to Bitcoin Strategic Reserves Highlighted

According to Odaily, Pierre Rochard, Vice President of Research at Riot Platforms, recently stated on X that the primary obstacle to Bitcoin strategic reserves is not the Federal Reserve, the Treasury, banks, or Warren, but Ripple (XRP). Ripple is reportedly lobbying against Bitcoin strategic reserves and has invested millions of dollars in efforts to hinder the plan. Rochard further noted that during the Biden administration, Ripple similarly targeted the Bitcoin mining industry. He emphasized that Ripple appears to be protecting its market positioning while promoting the implementation of a CBDC based on its network.