Ripple Faces Backlash Over Push for Diversified U.S. Crypto Reserve

Bitcoin advocates accuse Ripple of lobbying to dilute plans for a federal Bitcoin stockpile, fueling tensions within the crypto industry.

President Trump’s recent executive order proposes creating a U.S. digital asset reserve but avoids specifying Bitcoin, sparking debate within the crypto community.
Bitcoin proponents allege Ripple is lobbying to prevent a Bitcoin-only reserve, aiming to include its XRP token in any federal crypto stockpile.
Ripple CEO Brad Garlinghouse argues for a diversified reserve representing multiple cryptocurrencies, calling Bitcoin maximalism outdated and counterproductive.
The SEC’s removal of Ripple-related case documents from its website has fueled speculation about the status of its ongoing legal battle over XRP's classification.
Senator Cynthia Lummis warns that infighting within the crypto industry could jeopardize progress on federal digital asset initiatives.