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Ripple News | Ripple is in Close Talks with the Trump Administration

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Cory Johnson, Ripple’s chief marketing strategist, revealed that Ripple had been in discussions with the Trump administration. In an interview with Breaker, Johnson spoke about how the White House had conducted a fair amount of research on the cryptocurrency industry.

Johnson mentions, “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% of bitcoin mining taking place in China and a majority of Ether mining taking place in China.

When you look at XRP, there is no mining, so from a foreign-control aspect or from an environmental aspect, XRP is a very different beast. And in conversations we’ve had with the administration, they seem to get that and think that might matter.”

Johnson, however, did not choose to spill the beans about what members within the Trump administration the Ripple staff had been interacting with, thus refraining from revealing how seriously the White House was really taking the issue. He says, “I’m Episcopalian, and the joke is we don’t talk about God or money, but we have lots of both. So we haven’t said who we’ve talked to.

But we’re in regular talks throughout Washington, and we meet with regulators as well as politicians. We’ve got a whole team that’s devoted to doing that, not just in the US, but worldwide. Our regulatory team, they jump on planes like their pants are on fire.”

When the chief marketing strategist was questioned about the SEC treating XRP as a security, Johnson expressed scepticism over whether the day would ever come and said, “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. I don’t know that the SEC wants to be in a position to have to comment on every single cryptocurrency or digital asset created and issue a ruling about it. I don’t know if they like what they did with Bitcoin and Ethereum. I would guess that an administrative agency doesn’t want to take on regulating an entirely new part of the world when no one’s asked them to do it, and no one’s going to raise their budget for doing it.”

 

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