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– Ripple Beats Strategic Bitcoin Reserve Ripple’s dream came true this month: the pro-altcoin lobby in the US won a decisive victory by removing the word “bitcoin” from all presidential decrees and executive orders signed by Donald Trump, as well as from the National Bitcoin Foundation.
Outside of the US, the company has had success with its stablecoin technology, receiving press releases about testing and preliminary projects with banks. The company is using XRP technology in a Central Bank Digital Currency (CBDC) pilot project with a foreign government.
XRP sales have made co-founders Chris Larsen, Jed McCaleb and Brad Garlinghouse millionaires. They have used their wealth to launch various altcoin promotion projects, including a successful attempt to delay U.S. Senator Cynthia Lummis’ bill that would have allocated billions of dollars to the U.S. Strategic Bitcoin Reserve (SBR) this year.
Instead, President Trump Ripple cheered when his signature limited the creation of a commission to make recommendations for the entire crypto industry.
the president did not propose a bitcoin (BTC) reserve, only a commission to study the feasibility of a non-strategic digital asset reserve made up of various altcoins. Proposed. The final elimination of the three words “strategic, “reserve, and “bitcoin” greatly expanded the possibilities of including XRP Ledger technology in future reserves.
Ripple wanted Kamala to introduce CBDC in the US and utilize their technology.
The triumph of Ripple’s efforts in politics can be seen in the defeat of not one, but two attempts by Bitcoiner to create a BTC reserve. Not only was that proposal replaced by Bitcoiners’ first failed idea – a National Digital Asset Reserve – but the president refused to recommend that the U.S. Treasury buy BTC using funds from the Exchange Stabilization Fund, the Treasury General Account, etc.
This leaves BTC Reserve with only one option. Unfortunately, Congress is often the place where ideas dry up.
Instead of buying BTC, Ripple has successfully funneled money to Coitem and other political endeavors. In the political fog of Washington, Ripple and pro-altcoin lobbyists like FairShake will have more time to influence tax and policy decisions.
Ripple’s co-founder, Larsen, is a member of Greenpeace Known for funding the Change the Code campaign. In a series of tweets, Mr. Larsen attempted to clarify that the campaign was a personal project and not Ripple’s responsibility.
Not only did Bitcoiners defend Bitcoin’s ability to consume to protect against centralization, attacks and double spending, but
Ripple also promoted The Digital Dollar Project, an initiative to create a stable U.S. dollar, and talked about stable coins using the XRP Ledger, such as RLUSD.
Ripple also has a new initiative, the Technical Sandbox program for non-US CBDCs. Naturally, the Technical Sandbox program prioritizes XRP technology.
Since November, Ripple and its billionaire co-founder have scored major political victories for the Trump campaign, and in January, they made further gains.