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 Trump’s administration. When Johnson was asked about the current crypto space and the administration’s research on Ripple’s products: he said:

“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. 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.”

The contact between Ripple's division and the US Administration as said by Johnson seems to be taking place with a ‘high frequency’:

“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 U.S., but worldwide.”

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 isn’t guaranteed even if the SEC class the digital currency as a security or not.

“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.”

Said Johnson. 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 can’t see the difference between Ripple and the XRP token. Johnson said:

“You can buy all the XRP in the world, but that doesn’t give you the right to a dime of Ripple’s profits. Ripple doesn’t control XRP. XRP is decentralized in a way that Ripple can’t control it, even if we wanted to.”

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