XRP has support from White House, will it effect price?

Representatives from Ripple met with Donald Trump and staff in regards to the XRP cryptocurrency lately and it had a positive outcome. The white house now supports XRP because it may be able to compete with BTC in the minds of people when it comes to cryptocurrency. The white house may view Bitcoin as a threat because China controls 80% of Bitcoin mining and since Trump ha decided on an all-out trade war with China, he is afraid that China might use Bitcoin as a tool against the United States. This could mean better treatment from the authorities in regards to XRP and a loosening of regulations around the asset. This could indirectly effect price in the future and shore up what could have been legal problems for XRP because they now have friends within the administration.

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