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A feud between the XRP and Bitcoin communities has escalated over the proposed U.S. strategic crypto reserve. Forbes legal analyst Hailey Lennon advocates for a Bitcoin-only reserve, sparking backlash from XRP supporters. The debate has led to heated exchanges, with both sides challenging decentralization claims and motives. The divide between the XRP and Bitcoin communities continues to widen as both sides clash over what assets should be included in the proposed U.S. strategic crypto reserve. The dispute, fueled by ongoing discussions within the crypto industry, has led to a war of words between Bitcoin maximalists and XRP supporters. Hailey Lennon, a Forbes Crypto legal analyst, has been a key figure in the debate, strongly advocating for a Bitcoin-only reserve. Her stance has triggered backlash from the XRP Army, with Ripple executives arguing for a more diverse and inclusive approach. In my opinion, the strategic reserve should be Bitcoin only. A strategic reserve should not have any cryptocurrencies in it that have a centralized group/entity that promotes it and profits off it as a result of that promotion. — Hailey Lennon (@HaileyLennonBTC) January 25, 2025 Bitcoin-Only Reserve vs. XRP Inclusion: The Debate Lennon has argued that a strategic reserve should exclude cryptocurrencies backed or promoted by a centralized entity that profits from them. While she didn’t explicitly mention Ripple, many supporters assumed she was taking aim at their ecosystem. “The fact that I haven’t mentioned XRP and you all keep assuming it’s about XRP is actually telling,” Lennon remarked in response to criticism. She later directly stated her skepticism about XRP’s inclusion, arguing that a national reserve should not be built on the premise of “I want my coin in there so the price goes up.” This further fueled outrage from the XRP community, with many accusing her of bias and…

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Filed under: News - @ January 30, 2025 10:16 pm