21.10.2019

Ripple in the Talks with Trump’s Administration Also XRP Not = Ripple: Chief Market Strategist

Cory Johnson – new Chief Market Strategist at Ripple for eight months now, in a recent interview with BreakerMag added that a division from the crypto-San Francisco based firm is in regular discussions with Trump’s administration.

Ripple in the Talks with Trump’s Administration Also XRP Not = Ripple: Chief Market Strategist

When asked about the administration’s research on Ripple’s products and crypto in general:

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 the administration and Ripple’s divison as commented by Mr. Johnson seems to be taking place in 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.

Additionally, when it comes to the famous topic about SEC and XRP, the former journalist highlighted out the fact that a conclusion is not guaranteed whether the commission will name XRP 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. “

As pointed also out on many occasions in EthereumWorldNews Ripple/XRP pieces, Cory Johnson finds it surprising how there is still a confusion between Ripple [the firm] and XRP [the coin-token] .

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.

Read Also: 

Ripple CEO about Why XRP is Better than BTC: “It’s 1000 Times faster and Cheaper”

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