Bitcoin Reserve (SBR) Faces Criticism from Ripple Labs, Garlinghouse Responds

The push for a Strategic Bitcoin Reserve (SBR) has been ongoing for months. Recently, Pierre Rochard, VP of Research at Riot Platforms, criticized Ripple Labs for actively lobbying against the plan.

Vice President of Research at Riot Platforms, Pierre Rochard, has accused Ripple Labs Inc of spending millions to influence politicians against the creation of a Strategic Bitcoin Reserve (SBR).

The VP made the claims while discussing the matter with Ripple CEO Brad Garlinghouse on Twitter.

Rochard argued that the biggest obstacle to the SBR is not the Federal Reserve, US Treasury, or banks, but Ripple Labs. He pointed out Ripple’s focus on XRP, which he said is driving the opposition to the reserve. He also highlighted Ripple’s past attacks on Bitcoin mining under President Biden’s administration, suggesting Ripple aims to protect its platform and promote Central Bank Digital Currencies (CBDCs).

However, Garlinghouse dismissed Rochard’s claims, suggesting that he is overlooking President Trump’s campaign promises to support American companies and technologies. He stated that Ripple’s efforts are increasing the likelihood of a crypto reserve, which includes Bitcoin.

The exchange comes shortly before President Trump is set to sign an executive order to create a national digital asset stockpile. The move is a significant step for the crypto industry, though it has caused some backlash from Bitcoin advocates. The President’s decision to exclude a single asset reserve and include altcoins, such as XRP, has drawn attention.

On inauguration day, the White House has named Mark Uyeda as acting chairman of the US SEC and Caroline Pham as the Chairman of the CFTC. Both regulators are known for their pro-crypto stance and were endorsed by industry leaders.

Pro-Crypto Regulators Appointed on Inauguration Day

The exchange took place shortly before President Trump signed an executive order to create a national digital asset stockpile. The move is a significant step for the crypto industry, though it has caused some backlash from Bitcoin advocates. The President’s decision to exclude a single asset reserve and include altcoins, including XRP, has drawn attention.

On inauguration day, the White House named Mark Uyeda as acting chairman of the US SEC and Caroline Pham as the Chairman of the CFTC. Both regulators are known for their pro-crypto stance and were endorsed by industry leaders.

Meet Mark Uyeda New Acting Chair of SEC pic.twitter.com/S0RbIZZO8K

Why Is XRP Going Up Today?

XRP’s price rise today is influenced by several factors, including speculation about a shift in the SEC’s stance under Trump, the potential approval of XRP spot ETFs, and the launch of Ripple Labs’ RLUSD stablecoin.

Technical analysis highlights key support levels at $2, $2.25, $2.50, and $3.

What Could XRP’s Price Be by 2025?

XRP price predictions for 2025 vary widely. Conservative estimates range from $1.35 to $2.50, while analysts like Levi Rietveld suggest a range of $20–23. Optimistic projections reach as high as $70.

Is a $500 XRP Price Realistic?

A $500 XRP price appears unlikely in the near term, requiring a $26 trillion market cap. More realistic estimates suggest a range of $15–25 by 2030. Some, like Grok AI, believe $500 could be achievable post-2030 with widespread global payment adoption.

Does XRP Have Long-Term Potential?

XRP shows potential, particularly in fintech, due to its role in cross-border payments and growing partnerships in Asia, Africa, and Latin America. By 2027–2028, it may see further integration into traditional finance systems.