XRP (XRP) has been speculated as the most successful coin going into future and the recent surge has proved that it is the most wanted and trusted way to move money anywhere in the world. All the features put up by XRP’s blockchain have been applauded by the crypto users and that’s the reason why XRP has been rising so quickly. But what will the support of Trumps administration bring to XRP?
Let’s have a look at the background for the reason of support by White House for XRP, as all the cryptocurrency users know that majority of the bitcoin and Ethereum mining takes place in China and on the other hand XRP has no backing international authority. So, XRP on its on is leading itself to the top of crypto world. Cory Johnson, Ripple’s new Chief Market Strategist regarding XRP stated:
“When you look at XRP, there is no mining, so from a foreign-control aspect or from an environmental aspect, XRP is a very different beast. And in conversations we’ve had with the administration, they seem to get that and think that might matter.”
The talks between trump’s administration and ripple are going and they look to be heading the right way. Regarding the contact with the administration Johnson added:
“We’re in regular talks throughout Washington, and we meet with regulators as well as politicians. We’ve got a whole team that’s devoted to doing that, not just in the U.S., but worldwide.”
When it comes on the topic of SEC and XRP, Johnson was unsure about XRP being named as the security by the Security Commission (SEC). According to him, it might not happen because SEC wants to look at each digital asset and wants to comment on it and give a ruling about it. Johnson added that he does not know whether SEC liked that what they did with BTC and ETH.
However, Johnson did not disclose the details regarding the talks between Ripple and Trump’s administration but he was very much clear that things are all going well and in the directed destination. This is really a booster for XRP as the speculations goes on that XRP will be the next Amazon of Cryptocurrency. That definitely puts XRP (XRP) on its way to a big bull run, as soon as the details are made public XRP will be going to hit high.
Apart from these talks, Ripple has number of great partnerships with worlds famous banks and organizations including Standard Chattered and Santander bank. Other than that, the launch of xRapid by Ripple stands out to be a major development made by them. With all these things it puts XRP well in front to lead the cryptocurrency in coming time, the platform is set and XRP just needs that massive bull run. As we have seen in past few weeks that XRP has surpassed Ethereum several times with a little boost. This shows that XRP is preparing to be the next big thing in World.