Categories: Ripple

Ripple Heads Up New Crypto Lobbying Group; Pays In XRP

Click here to view original web page at www.pymnts.com

Ripple, the blockchain startup, is heading up a new cryptocurrency lobbying group called Securing America’s Internet of Value Coalition.

Coindesk, citing a Business Standard report late last week, reported the companies behind the lobbying group also include the RippleWorks Foundation; Coil, a company developing a solution for digital payments; Hard Yaka, an investment firm focusing on digital assets; and PolySign, a company seeking to be a crypto custodian. Coindesk noted that most of the members of the new lobbying group have ties to Ripple. Coindesk pointed to Coil as one example. Its founder is the former chief technology officer at Ripple. Meanwhile, Hard Yaka is developing a prepaid card that lets users spend Ripple balances on the spot. The aim of the group is to have an influence on regulation in the cryptocurrency market and influence policymakers in Congress and government agencies as they “examine this new technology and wrestle with a regulatory regime that must be updated to meet the needs of this global financial transition,” the group said, according to Coindesk.

Securing America’s Internet of Value Coalition — or SAIV — will seek to lobby for a “vision of a fair and equitable Internet of Value,” standard and consistent rules for all major protocols, clarification of custodian rules and “fair and equitable IRS regulations for capital gains, assets, and charitable contributions.” SAIV will focus on working with lawmakers and government agencies in the U.S. The group hired lobbying firm Klein/Johnson Group to push its cause, with the lobbying firm being paid $25,000 a month and 10,000 XRP, Ripple’s cryptocurrency. Chris Larsen, executive chairman of Ripple, said in the report: “It gives them some upside and gives them some risk. Hopefully it gives them a taste of the industry in a way that hits home.” The executive noted lobbying for crypto issues isn’t easy, but there is a lot of interest in it.

—————–
YOU MIGHT ALSO LIKE:

Related Items: Blockchain, coil, cryptocurrency, digital payments, hard yaka, lawmakers, Lobbying, News, polysign, Ripple, rippleworks, What's Hot, XPR

Coindesk , citing a Business Standard report late last […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Watford FC to brand Bitcoin logo on the jersey

The initiative is being carried out as a part of a brand partnership with sports betting site Sportsbet.io. Sportsbet.io's marketing… Read More

1 hour ago

Latest Bitcoin price and analysis (BTC to USD)

At the time of writing, Bitcoin (BTC) is trading at just above $10,300 after gaining about 1% since last week.BTC… Read More

1 hour ago

Johnstone: How To Defeat The Empire

Authored by Caitlin Johnstone via CaitlinJohnstone.com, One of the biggest and most consistent challenges of my young career so far… Read More

1 hour ago

Today’s Bitcoin Drop Driven by Massive Volume Influx

Bitcoin has been facing a bout of sideways trading for the past several days, but today’s drop to below $10,200… Read More

1 hour ago

L.A. to Choose Blockchain Pilot Project at CIS Conference

With a growing interest in blockchain solutions for government, the city of Los Angeles has partnered with organizers of a… Read More

1 hour ago

Bitcoin’s heading to a new all-time high along with the S&P 500, says Fundstrat’s Tom Lee

watch nowTalk about a bitcoin bull case.The digital currency is headed to new record highs, says Tom Lee, co-founder, managing… Read More

1 hour ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More