Recently, some companies in the cryptocurrency market have been accused of preventing Bitcoin from being declared a strategic reserve currency in the United States.
Ripple (XRP), which has been accused of similar allegations, stands out. Following US President Donald Trump’s speeches implying that US-based cryptocurrencies are in an advantageous position, Ripple CEO Brad Garlinghouse, according to unproven claims, advocates the idea of a reserve in the US that includes many altcoins instead of a Bitcoin Strategic Reserve, and opposes the idea of a reserve consisting of a single BTC.
However, the White House recently announced the creation of a working group on this issue and used the term “Digital Asset Stock” instead of the Bitcoin Strategic Reserve.
In an interesting development, Tether CEO Paolo Ardoino also released a statement on the subject. Ardoino claimed that the same companies that attacked Bitcoin (there is also an allusion to Ripple here) also attacked Tether. The Tether CEO said that the companies behind these attacks are becoming more apparent these days. He added that there are more companies than those accused so far.
*This is not investment advice.
