Ripple starts crypto lobby group in Washington DC, pays partly in XRP

Ripple, in conjunction with several other Ripple related companies recently started a Washington DC based lobby group. It will pay the lobby $25,000 a month plus 10,000 XRP. This is a great idea as it will align the interests of the lobby group with the interests of XRP and Ripple, assuming they don’t dump all of it as soon as they get it. Since XRP price increasing will greatly increase their own wealth, they will have a lot of incentive to lobby congress hard to get regulations favorable to XRP and the Cryptocurrency industry overall. I think late this year and early next, we may see new and more favorable regulations for blockchain and cryptos in the US.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s