Ripple Goes To The White House – The Trump Administration Is Reportedly Researching Crypto, Especially XRP
In the most recent interview, Cory Johnson, Ripple’s chief marketing strategist, stated that Ripple had discussed XRP with the Trump administration.
The White House studies crypto
When Johnson was asked about the Trump administration’s opinion about Ripple, he told Breaker that the White House is currently deeply researching crypto.
“There’s clearly a lot of homework going on. The White House, in particular, seems to be thinking about what it means to have 80 percent of bitcoin mining taking place in China and a majority of Ether mining taking place in China,” he said.
Johnson continued and said that with XRP, there’s no mining and from a foreign-control aspect, or from an environmental one, the coin is different. It seems that this matters a lot for the White House.
Johnson did not offer any details regarding how high the discussions went or who are the company’s contacts in the administration.
He did say that they are in regular talks with Washington and they meet with regulators as politicians as well.
Ripple reportedly has a whole team that is devoted to doing this, not just in the US but across the globe.
SEC regulations issues
Regarding the issue whether the US SEC will decide to classify XRP as a security, Johnson said that the day may never come at all.
“I think the question I get all the time is ‘When is the SEC going to say something about XRP?’ And I think it’s possible the answer is never.”
You can read the complete interview here.
He said that he believes the SEC Does not really want to be in a position where they have to comment on every single coin out there.
Michael Didiuk, 8 year-long former US SEC employee pic.twitter.com/7P3dSFdzg1
— Steven Bull From the Diep (@DiepSanh) October 4, 2018
Another thing worth mentioning regarding the nature of XRP is that a former SEC employee already touched the subject.
Michael Didiuk who is a former employee of the US Securities and Exchange Commission addressed the nature of XRP.
He said that the crypto is not a security, but a currency and he also made sure to justify his statement, using the Howey test to prove the nature of XRP.
Who brought home the bacon in 2018? We've picked out 11 of the best ICOs from 2018 in terms of their return....
| November 1, 2018
Monero (XMR), as well as other significant cryptocurrencies in the market, experienced a very tough period c...
| September 12, 2018
When you need to make a crypto to crypto exchange, you usually browse the Internet and see a huge number of ...
| May 9, 2018
We are standing on the cusp of a new period in global finance. The potential for blockchain and shared hyper...
| April 25, 2018
With cryptocurrency adoption ramping up in enterprise and merchant applications, much of the focus has been ...
| April 22, 2018