Ripple organizes coalition to promote cryptocurrencies in Washington

The Ripple cryptocurrency exchange platform recently announced that it will form a coalition of fintechs to lobby lawmakers and financial regulators in Washington to secure the approval of cryptocurrencies. In fact, they bet on the payment to the lobbyists in this asset.

Through information provided to the media, it was known that all the companies of this strategic partnership are from San Francisco, with Ripple at the head.

The coalition, which will be called “Securing America’s Internet of Value Coalition,” seeks to hire the Klein / Johnson Group consortium, made up of a bipartisan group of lobbyists with expertise in technology and financial services. The group also includes the independent RippleWorks foundation, the digital entertainment payment company Coil, the Hard Yaka investor and the startup PolySign, which holds digital assets.

The main objective of Ripple is to achieve a more flexible position on the part of the government that contributes to stimulate innovation as well as competitiveness in global markets. Chris Larsen, chief executive of Ripple, admitted that they are aware of how complicated this task may be, but said there is goodwill and interest in Washington DC.

For its part, the Congress and the Securities and Exchange Commission are still working to establish regulations for tokens, blockchain technology and cryptocurrencies, taking into account the fluctuation of their price or their use for the financing of crimes.

M.Pino

Source: Coincrispy

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