American encryption companies are still Sunbathing in Their election victory After the great withdrawal Political return And the acquisition of influence in the capital last November - but is it now threatening a civil war of fermentation between their ranks to contact the month of honeymoon?
Last week, President Donald Trump issued a very student Executive order On encryption, and fulfill a promise to hand over the industry, the seizure bag Elements of the Wishes List. Although it sparked a lot, the neglect of the document of one word threatened to retract a fragile truce between the competing factions of Crypto: Bitcoin.
Throughout his campaign, Trump pledged to create a strategic federal Bitcoin StockpileAnd that will effectively invest the United States government in the best cryptocurrency in the world. Last week, the CEO, among other things, called for exploring the best way to create a federal encoder - but decisively, referred to the inventory of generalized "digital assets", not just Bitcoin.
It took only hours to call the difficult Bitcoin Petquins-and to refer to the finger to the party they believe was responsible.
"I can make sure that Ripple is actively spending millions of dollars in an attempt to undermine the strategic Bitcoin reserves in the United States of America," Jack Mallers, CEO of Bitcoin Payments, announced. video The X was raised shortly after publishing the executive order.
"This is not just an attack on Bitcoin, but in the principles of transparency, fairness, and our national security," continued.
Soon after, other voices of bitcoin in the encryption community accumulated with similar theories: Ripple, which carries tens of Billion dollars value XrpCheerful currency that helped its founders developed, they made everything in his power to prevent the establishment of the Bitcoin Federal Reserve. It was claimed that the company has done so to ensure that if a digital asset stock is created at all, XRP will also be included.
The biggest obstacle to the strategic Bitcoin reserve is not the federal reserve, the treasury, banks, or Elizabeth Warren.
It is ripple/xrp. They are pressing strongly against SBR by throwing about millions of dollars on politicians, and they are desperate to go out.
They did the same for ...
Pitcoinpierre January 23, 2025
Ripple, thus the theory went, was already speaking in the great political capital to ensure the permanent importance of XRP in Washington. The company was one of the three subsidiaries of the encryption that led the industrial success incredibly, Super Pac strategy worth $ 300 million Last year; Just weeks ago, the company achieved $ 5 million for Trump installation.
If someone succeeds in pressing the Trump team to remove the word Bitcoin from his executive order for encryption, then these Bitcoiners cry, king To rip.
Make things more personal for this maximum bitcoin is the difference between the nature of Bitcoin and XRP as assets. A large part of the total offer of XRP is Hold by RippleA private company. In fact, the history of Ripple with XRP and its sales of digital assets over the years is a 1.3 billion dollar lawsuit from SEC against the company.
Meanwhile, Bitcoin is proud of the decentralized code ethics in the preferred distinctive symbol. Bitcoin Creator of a pseudonym It has disappeared years ago without trace, and the cryptocurrency - to a large extent most trusted and widely adopted around the world - is now controlling control.
However, critics argue that some companies, such as Blockstream, have a major impact on the development of the Bitcoin and the asset path. Samson Mo, a co -founder of BLOCKSTREAM and Bitcoin on an early scale, is widely attributed to helping the country El Salvador to create his Bitcoin reserves and Bitcoin classification as a legal tendency in the Central America.
In a short time, the CEO of Ripple Brad Garlinghouse responded to accusations against his company, but very carefully - he praised that Ripple's efforts in Washington were working to create a "Strategic Reserve for encryption."
However, Garlinghyus did not participate in accusations that he and others worked to expand the concept of Bitcoin's strategic reserves into one more general encryption. However, he confessed to Monday x post In fact, Ripple is inserted in a future American government encryption.
He wrote: "If the ernment reserves are created, I think it should be a representative of the industry, not just one symbol (be it BTC, XRP or anything else)." Garlinghouse did not respond immediately DecipherRequest to comment, and he was not a company spokesperson.
Some ideas about the maximum ... allow me to say this clearly as possible - the encryption industry has a real snapshot, here and now, to achieve many of the goals that we share, if we work together instead of tearing each other. This is not, and you will never be, zero game.
• I own ...
Brandinghouse January 27, 2025
Garinghouse continued to reject "Maximalism" - like those expressed by many bitcoin coin - as a way of "outdated and misleading".
"Let me say this clearly as much as I could," continued. "The encryption industry has a real snapshot, here and now, to achieve many of the goals we share, if we work together instead of tearing each other."
Perhaps not surprisingly, the Bitcoin faction did not choose the peace tube.
"We do not have any common targets because our goal is not to escape retailers with Blockchain Sufism", Mw Blockstream's Lap In garlinghouse within minutes. Likewise, Matthew Sigel, head of digital assets, was like Ripple CEO, although in the least aggressive aspect: "It is not the maximum strategic reserve opposition to XRP," as published in the response.
Whether the White House will choose the sides of the growing internal rift on government encryption reserves - or have any patience at all for fighting - it can be seen.
For years, the idea of the American government is seriously considering adding any The digital assets of a federal stock could not have been imagined. Now, can you risk the "chain policy" and skirmishes inside the industry by getting to know this result?
Senator Senteya Lomes, one of the greatest fierce advocates in Capitol Hill, believes that. In an interview last week with PoliticoShe chose noticeably words when I was asked about the possibility of industrial factions failing to resolve their differences.
"If you are not on the same page, it will be implemented." "It makes our job almost impossible if it is not on the same page. "
"A man," added. "I hope they can speak with one voice."
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