“The biggest obstacle for the Strategic Bitcoin Reserve is not the Fed, Treasury, banks, or even Elizabeth Warren. It’s Ripple/XRP.
They are aggressively lobbying against the SBR by throwing around millions of dollars at politicians, desperately trying to derail it.”
How is that working out for them? Pres. Trump just signed an executive order banning the creation of CBDCs in the United States,
plus another order to create a bitcoin stockpile that doesn't include XRP.
Cynthia Lummis author of the bill to create an SBR was also made head of the US Senate subcommittee on digital assets.
In other words the SBR is all but a done deal at this point. I would call that an epic fail for Ripple XRP.
In light of all that Ripple doesn't seem like much of a threat to bitcoin anymore do they? I guess they didn't throw around enough bribe money.
Good riddance to XRP and the entire shitcoin scam industry. They will die a slow painful death into irrelevance.
But perhaps Garlinghouse can stay relevant by defecting to China or North Korea to help the communists set up their wonderful CBDC big brother state surveillance network. Keep hope alive!