Prominent Bitcoin advocate Jack Mallers takes aim at Ripple, saying that the blockchain company is aiming to do ‘everything they can to destroy USA’s bastion of strategic Bitcoin reserves.’
Ripple ‘is spending millions of dollars on corporate lobbying efforts disguised as technological innovation,’ Mallers alleged in a fiery statement on social media.
He says these actions represent a direct threat to the United States’ financial freedom and economic stability.
Source: X
Ripple has already seen criticism in the crypto industry. But Mallers’ allegations have reignited the debate about what drives the company, namely the decision to pursue a crypto reserve with a broader base rather than a Bitcoin only strategy for the United States.
The Core Allegation: A Threat to Bitcoin’s Strategic Reserve
At the core of Mallers accusations is Ripple’s push for a crypto reserve that’s not solely Bitcoin, and includes tokens such as XRP, USDC, and Solana.
The crypt
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