Ripple (XRP) is not only rolling out the new commercial applications based on its blockchain technology but also leading a crypto coalition as well. Moreover, it is planning on funding political advocacy group as well. This ensures that it is not only looking to expand its base technologically but also trying to benefit the entire cryptocurrency industry by looking at the political opinion as well. There is also news that Ripple (XRP) is going to lead the crypto coalition as well.
Ripple (XRP) to lead the crypto coalition:
Ripple (XRP) is going to have to a coalition of companies in the Fintech sector based out of San Francisco. It is forming the Securing America’s Internet of Value Coalition (SAIV). It is actually a lobby group which will influence the regulations in the favor of blockchain and cryptocurrency. Up until now, the cryptocurrency industry always has had a raw deal when it comes to the regulatory framework. That is why such a lobby group will play a very important role in order to not only better the regulatory environment for ripple (XRP) but also for other cryptocurrencies. Thus, it will benefit the cryptocurrency and blockchain industry both.
With the ripple (XRP) gaining more and more prominence day by day, such a lobby group will actually benefit it immensely. It will ensure that the rules and regulations are in favor of the cryptocurrency and blockchain industry if the lobbying group is able to succeed. As a result, the hurdles which the cryptocurrency and blockchain industry is facing currently will be greatly reduced as well. This will include that cryptocurrencies, as well as blockchain technology, become more and more mainstream.
According to executive chairman of Ripple, Chris Larsen, it is necessary to eliminate the misinformation around cryptocurrencies and blockchain technology. Also, he further elaborated that Washington DC wants to know more about this technology. The lobbying group will actually dispel the clouds of misinformation in order to provide the lawmakers as well as other influencing individuals the most accurate information about cryptocurrencies and blockchain. As a result, laws will be enacted based on facts rather than misinformation.
It seems like ripple (XRP) is not just leading the industry in terms of innovation and commercial solutions but also in terms of gathering the industry to lobby for a better regulatory framework for the cryptocurrency and blockchain industry.