The Director of Strike calls Ripple for corporate lobbying, says they ‘crossed the line’

Jack Mallers, founder and executive director of the Bitcoin Financial Services Platform, recently discussed the growing political encouragement for the Bitcoin Strategic Reserve in the United States. He believes that this concept could become one of the most significant economic announcements in the history of the US, collecting a comparison with Nixon’s 1971 decision.

However, Mallers also expressed concern about the role of Ripple and its involvement in the impact on politics. He claimed that Ripple, unlike Bitcoin’s advocate, like Michael Saylor, did not show faith in his own product. Ripple, Mallers said, shared only 100 billion XRP tokens, selling them to the public instead of holding them. Talking to Natalie Brunell, he criticized this approach, suggesting that Ripple’s actions relate more to corporate personal interest than promoting a public good.

Mallers framed this behavior as a pattern in American economic history, where private corporations operate under the guise of public service, priority to their own programs. He warned that Ripple’s influence could undermine the wider potential of Bitcoin and its role as a public utility program. Mallers believes that this is a key moment for technological innovation and the future of monetary policy, where the public could benefit from bitcoin if corporate lobbying does not take away the path from it.

“Bitcoin is a public utility for us, and there is a corporate lobbying that is trying to take away and prioritize their interest. It was my message and I’m glad she got attention. And, you know, Ripple, in my opinion, has crossed the line “he said.

Ripple CEO ejects the Ripple

The Brad Garlinghouse Executive Director recently shared his thoughts on the current discussion of the XRP against Bitcoin. He believes that the crypto industry can achieve their goals if people work together instead of competing. He emphasized that it was not a zero game.

She also believes that a government reserve for digital assets was created, it should represent the whole industry, not just one token such as a BTC or XRP. Garlinghouse ended up saying that maximalism hurts crypto progress and I’m glad that fewer people keep this old mindset.