Ripple & Trump Making New Ground
The new Chief Market Strategist at Ripple, Cory Johnson has been working at the company for just under a year now, however, in a recent interview with BreakerMag the crypto-San Francisco based company is in regular discussions with Trumpâs administration.
When Johnson was asked about the current crypto space and the administrationâs research on Rippleâs products: he said:
âThereâs 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. 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 weâve had with the administration, they seem to get that and think that might matter.â
The contact between Ripple's division and the US Administration as said by Johnson seems to be taking place with a âhigh frequencyâ:
âWeâre in regular talks throughout Washington, and we meet with regulators as well as politicians. Weâve got a whole team thatâs devoted to doing that, not just in the U.S., but worldwide.â
When it comes to the famous topic of XRP and the SEC (Securities Exchange Commision) the Market Strategist, made known the fact that a conclusion isnât guaranteed even if the SEC class the digital currency as a security or not.
âI think itâs possible the answer is never. I donât 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 donât know if they like what they did with bitcoin and Ether.â
On a similar note, Ethereum World News has pointed out on several occasions in the past that Cory Johnson still finds it shocking that people canât see the difference between Ripple and the XRP token. Johnson said:
âYou can buy all the XRP in the world, but that doesnât give you the right to a dime of Rippleâs profits. Ripple doesnât control XRP. XRP is decentralized in a way that Ripple canât control it, even if we wanted to.â
What are your thoughts? Let us know what you think down in the comments below!