Ripple reveals that it has been in "regular talks" with the Trump Administration

14 Oct, 2018
by Matthew Kim
News
Ripple reveals that it has been in regular talks with the Trump Administration

In a recent interview with Breaker, Ripple’s new chief market strategist Cory Johnson revealed discussions the organization has had with the Trump administration.

When asked if he has a sense of what the Trump administration thinks about the Ripple product, Johnson stated that the organization has had meetings with the government and other legislative regulators. He noted the government administration’s preparedness and open-mindedness. According to Johnson, the government seemed more drawn to XRP because of its lack of PoW protocol and mining. He said that the White House is concerned about how the majority of Bitcoin and Ethereum take place in economic rival China.

Although Johnson did not reveal the extent to which the talks went, Johnson claimed that Ripple was in “regular talks throughout Washington”. Apparently, Ripple has a “whole team that’s devoted to doing that, not just in the U.S., but worldwide”.

Another interesting bit from the interview was when he commented on what the SEC might decide about XRP:

“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 Ether. 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.”

Ripple has been connected to some powerful government figures as of late. Most notably, President Clinton spoke at Ripple’s Swell conference, referencing cryptocurrency as “the goose that laid the golden egg”. Despite controversy of the project within the cryptocurrency community, Ripple evidently is an influential company within the blockchain sphere.

For the full interview, click here.

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