The company has been linked to efforts to discredit bitcoin through its financial support for Greenpeace USA’s “Change the Code” campaign. Greenpeace, Crypto Billionaire Lobby to Change Bitcoin Code Bloomberg UKOn the same day, Larsen tweeted his support for bitcoin miners like Riot Platforms for its climate-conscious efforts. On November 7, 2023, the Texas Coalition Against Cryptomining mentioned in an email that 'Digiconomist is currently getting a comprehensive peer-reviewed study finalized regarding proof-of-waste & water.' While promoting CBDCs, Ripple’s chairman funds efforts through Greenpeace USA, which runs the Change the Code campaign to alter bitcoin’s code, claiming environmental benefits. The Change the Code campaign also supports the Texas Coalition Against Cryptomining.

Source: Forbes May 20, 2024 09:57 UTC