Ripple Blew Serious Cash to Sway US Crypto Regulations, Data Shows

#Ripple CEO writes open letter to Congress over regulatory uncertainty. Ripple adds a Paid add in the WSJ @WSJ credit to @jcjuarez108 for the image. pic.twitter.com/I0HpJjbdzd —

Ripple also decided to employ Ron Hammond, a political adviser who was then tasked with creating the new act, named the Token Taxonomy Act of 2019. “We have expanded our global regulatory bench to include Susan Friedman as International Policy Counsel and Ron Hammond as Manager of Government Relations,” the company said.

Excited to announce that as of today, I am the new Manager of Government Relations for @Ripple! Thrilled to bring all of my legislative experience, including crafting the Token Taxonomy Act, to the team. Special thanks to @michellebond111 and @s_alderoty for this opportunity! — Ron Hammond (@RonwHammond) September 3, 2019

The Act is imagined to be rather crypto-friendly, and it contains a portion of comprehensive legislation that supports and grants greater power to businesses based on blockchain technology and digital currency. In the same announcement, Ripple revealed that it became a member of the Blockchain Association. We are excited to be included as members of the Blockchain Association—an association playing a key role in shaping our shared digital future. The Association’s goal is to establish a partnership between policymakers and technology leaders, but also to assist the two groups in reaching a deeper understanding and regulatory compliance. What are your thoughts on Ripple’s efforts to speed things up in bringing crypto regulations? Let us know your thoughts on the matter in the comments below.

Image via Shutterstock, Twitter @BankXRP @ronwhammond The post appeared first on Bitcoinist.com.

source: https://bitcoinist.com/ripple-blew-serious-cash-to-sway-us-crypto-regulations-data-shows/

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