Ripple does not actively make political donations for the sake of the entire cryptocurrency. Everything is still based on the interests of the company... Are you sure you want to support this coin? Basically, everyone’s XRP is being used as bribes to benefit the company’s development.

Comments by Pierre Rochard, who pointed out that Ripple/XRP is the biggest obstacle to the so-called “Strategic Bitcoin Reserve (SBR)” and accused Ripple of investing a lot of money in lobbying politicians to try to prevent the advancement of this plan. He also mentioned that Ripple used similar tactics to attack Bitcoin mining during the Biden administration, with the goal of protecting its own market narrative and promoting central bank digital currencies (CBDC) built on its platform.

Possible causes and conspiracies:

1. Protect market position and interests:

Ripple likely believes that the SBR initiative will further solidify Bitcoin’s dominance of the cryptocurrency market, which is a threat to competing coins such as XRP. By blocking the scheme, they seek to protect XRP’s market position as a solution for payments and cross-border transactions.

2. Promote central bank digital currency (CBDC):

Ripple has long partnered with many central banks to promote its blockchain technology as the basis for CBDCs. If the SBR initiative is successful, it could lead to more countries favoring Bitcoin over XRP-based solutions. Therefore, they may hope to reduce the threat of Bitcoin through political influence.

3. Opposition to Bitcoin mining:

Ripple has long criticized the high energy consumption of Bitcoin mining and promoted its own low-energy advantages. By attacking Bitcoin mining, they seek to create a negative image of Bitcoin and further enhance the relative attractiveness of XRP.

Summarize:

Ripple’s actions may be in response to competitive pressure, in an attempt to prevent other cryptocurrencies or technologies from threatening its market narrative and business interests. But these actions may also trigger criticism of market manipulation and lobbying practices.

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