Ripple CEO under fire, lobbied against US national Bitcoin plans

Trump Signs Crypto Order, But bitcoin Enthusiasts See Red

President Donald Trump finally made a move in the cryptocurrency space on January 23rd, signing an executive order establishing a national cryptocurrency stockpile. However, the order notably omits Bitcoin, leaving many disappointed who had hoped for a strategic Bitcoin reserve – a concept Trump touted during his campaign.

This exclusion has sparked controversy, with some pointing the finger at Ripple, the company behind XRP, alleging their influence in shifting the focus away from bitcoin.

Pierre Rochard,head of research at Riot Platform,took to X (formerly Twitter) to claim,”Ripple has aggressively lobbied against the arrival of a strategic bitcoin reserve“.

Ripple CEO Brad Garlinghouse responded, stating his preference for a more diversified cryptocurrency portfolio within the national stock rather than an exclusive focus on Bitcoin.

Crypto Community Pushes Back

The proposed crypto stockpile, encompassing a variety of digital assets, stands in stark contrast to a strategy solely centered on Bitcoin. This divergence has ignited fury within the Bitcoin community. Wayne Vaughan, a prominent Bitcoin advocate, expressed his frustration, stating, “It’s a slap in the face to the community.”

Crypto Stockpile: A Bold Push for National Control

The cryptocurrency landscape is shifting as President Trump makes a daring move towards establishing a national cryptocurrency stockpile.

This audacious plan, initiated with a declaration on social media that “there is Shaping the Future: A Working Group Emerges

To explore the potential and complexities of a national cryptocurrency stockpile, President Trump has assembled a high-powered working group. This key group, comprising figures like the SEC and CFTC chairmen, the Secretary of the Treasury, and David Sacks, will delve into the feasibility of such a reserve and propose robust regulatory frameworks.

within a month,this group is expected to deliver an initial overview of existing cryptocurrency legislation and regulations. The final proposal outlining a thorough crypto stock framework is anticipated in six months.

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Trump Signs Crypto Order, But Bitcoin Enthusiasts See Red: An Interview With Bitvolt CEO Nico moran

President trump finally made a move in the cryptocurrency space, signing an executive order on January 23rd to establish a national cryptocurrency stockpile. However, the order notably omitted any mention of Bitcoin, leading to disappointment among those who had hoped for a strategic Bitcoin reserve – an idea Trump himself championed during his campaign.

This lack of Bitcoin focus ignited controversy, with some pointing the finger at Ripple, the company behind XRP, as being behind the shift. Pierre Rochard, head of research at Riot Platform, took to X (formerly Twitter) to allege that “ripple has aggressively lobbied against the arrival of a strategic bitcoin reserve.” This accusation sparked a firestorm of debate within the crypto community.

ripple CEO Brad garlinghouse responded by stating his preference for a more diversified cryptocurrency portfolio within the national stockpile, rather than solely focusing on Bitcoin.

An Exclusive Interview With nico Moran, CEO of Bitvolt

Archtede: Nico, the news about the national cryptocurrency stockpile has certainly sent ripples through the crypto community. Many are disappointed by the lack of focus on Bitcoin. what are your thoughts?

Nico Moran: to be frank, I’m deeply concerned. This order feels like a missed opportunity. A strategic Bitcoin reserve aligns perfectly with several national interests – bolstering financial independence, promoting innovation, and safeguarding against economic instability. Omitting Bitcoin suggests a misguided focus on short-term gains over the long-term well-being of the nation.

Archtede: the accusations against Ripple are flying around.Do you believe they played a role in influencing this decision?

That said, we simply don’t have enough information to definitively say who,if anyone,specifically influenced this decision.

The Ripple Effect: One Decision and the Future of Crypto in America

The recent lack of Bitcoin recognition in a major US financial decision has sent shockwaves through the crypto community. It raises serious questions about the government’s stance on this burgeoning technology and its potential impact on innovation and economic growth.

One expert, Nico Moran, highlights the gravity of the situation. He states, “This lack of Bitcoin recognition sends a perilous message. It undermines the credibility of American leadership in the global crypto arena.” this statement underscores the international ramifications of the decision,perhaps pushing other nations ahead in the race to embrace and regulate cryptocurrencies.

Moran further predicts that this move could “deter investment and innovation in the nation’s crypto sector, potentially hindering the advancement of groundbreaking technologies that have the potential to revolutionize finance and beyond.” this emphasizes the potential loss of economic opportunity if the US fails to adapt to the evolving landscape of digital currencies.

despite the concerns, Moran also sees a silver lining. He believes the situation has “spurred a vital conversation about the future of cryptocurrency policy.” This dialogue is crucial for establishing a clear regulatory framework that balances innovation with consumer protection.

“It’s crucial that policymakers engage with the crypto community,understand its potential,and create a framework that allows this disruptive technology to thrive for the benefit of all Americans,” asserts Moran. This call for collaboration emphasizes the need for a nuanced approach that considers the unique challenges and opportunities presented by cryptocurrencies.

what are Nico MoranS concerns regarding the omission of Bitcoin from President Trump’s national cryptocurrency stockpile executive order?

Trump Signs Crypto Order, But Bitcoin Enthusiasts See Red: an Interview With Bitvolt CEO Nico Moran

president trump finally made a move in the cryptocurrency space, signing an executive order on January 23rd to establish a national cryptocurrency stockpile. however, the order notably omitted any mention of Bitcoin, leading to disappointment among those who had hoped for a strategic Bitcoin reserve – an idea Trump himself championed during his campaign.

This lack of Bitcoin focus ignited controversy,with some pointing the finger at Ripple,the company behind XRP,as being behind the shift. Pierre Rochard, head of research at Riot platform, took to X (formerly Twitter) to allege that “ripple has aggressively lobbied against the arrival of a strategic bitcoin reserve.” This accusation sparked a firestorm of debate within the crypto community.

ripple CEO Brad garlinghouse responded by stating his preference for a more diversified cryptocurrency portfolio within the national stockpile, rather than solely focusing on Bitcoin.

Archtede: Nico, the news about the national cryptocurrency stockpile has certainly sent ripples through the crypto community. Many are disappointed by the lack of focus on Bitcoin. what are your thoughts?

Nico Moran: To be frank, I’m deeply concerned. this order feels like a missed opportunity. A strategic Bitcoin reserve aligns perfectly with several national interests – bolstering financial independence,promoting innovation,and safeguarding against economic instability. Omitting Bitcoin suggests a misguided focus on short-term gains over the long-term well-being of the nation.

Archtede: The accusations against ripple are flying around. Do you beleive they played a role in influencing this decision?

Nico Moran: That said, we simply don’t have enough details to definitively say who, if anyone, specifically influenced this decision. It’s critically important to avoid jumping to conclusions without concrete evidence. However, it raises valid concerns about potential undue influence within the crypto policymaking process.

Archtede: What do you see as the potential consequences of this decision for the US crypto landscape?

Nico Moran: this lack of Bitcoin recognition sends a perilous message. It undermines the credibility of American leadership in the global crypto arena. It coudl deter investment and innovation in the nation’s crypto sector, potentially hindering the advancement of groundbreaking technologies that have the potential to revolutionize finance and beyond.

Archtede: Despite the concerns, is there any silver lining to be found in this situation?

Nico Moran: I believe this situation has spurred a vital conversation about the future of cryptocurrency policy. This dialog is crucial for establishing a clear regulatory framework that balances innovation with consumer protection. It’s crucial that policymakers engage with the crypto community, understand its potential, and create a framework that allows this disruptive technology to thrive for the benefit of all Americans.