- Ripple‘s lobbying efforts successfully removed Bitcoin-specific language from recent executive orders.
- Two proposals for establishing a US Bitcoin reserve were defeated in January 2025.
- XRP technology is advancing in international CBDC pilots and stablecoin developments.
- Trump administration opted for a broad crypto industry committee instead of bitcoin-specific initiatives.
- Ripple co-founders’ wealth has enabled extensive pro-altcoin political influence.
Ripple’s political influence reached new heights in January 2025 as the blockchain company successfully steered US policy away from bitcoin-centric initiatives toward broader cryptocurrency considerations, marking a significant shift in federal digital asset strategy.
Political Victory Against Bitcoin Initiatives
Ripple’s lobbying campaign achieved two major victories when Donald Trump‘s administration rejected proposals for a Strategic Bitcoin Reserve (SBR) and declined to authorize Treasury purchases of bitcoin. Instead, the administration established a committee to examine digital assets broadly, removing specific references to bitcoin from official documentation.
International CBDC Advancement
While reshaping US policy, Ripple has expanded its international presence through Central Bank Digital Currency (CBDC) partnerships. The company’s Technical Sandbox Program offers foreign governments tools to implement digital currencies using XRP Ledger technology, positioning the company as a leader in state-backed digital currency development.
Environmental Controversy and Stablecoin Development
Chris Larsen, Ripple co-founder, previously funded the contentious “Change the Code” campaign through Greenpeace, targeting Bitcoin’s energy consumption. This initiative, while separate from official Ripple operations, aligned with the company’s broader strategy of promoting alternative blockchain technologies.
The company has strengthened its position in the stablecoin sector through RLUSD and partnerships with The Digital Dollar Project. Despite modest market share, these initiatives demonstrate Ripple’s commitment to developing alternatives to traditional cryptocurrency models.
Congressional action remains the final avenue for bitcoin reserve proposals, though historical data from academic research suggests limited success rates for such legislative initiatives.
✅ Follow BITNEWSBOT on Facebook, LinkedIn, X.com, and Google News for instant updates.
Consider a small donation to support our journalism
Previous Articles:
- Vitalik Buterin Warns Against ‘Politician Coins’ as Perfect Vehicle for Bribery
- Trump Executive Order Bans CBDC, Creates Digital Asset Working Group Without Banking Regulators
- Trump’s CBDC Ban Could Boost Private Crypto Adoption Among Institutions
- $7.8 Billion in Bitcoin Options Set to Expire, Max Pain Point at $98K Could Influence Price
- SEC Reverses Controversial Crypto Custody Accounting Rule with SAB 122
