Ripple Labs, the company behind the XRP token, is standing shoulder-to-shoulder with US-based cryptocurrency exchange Coinbase as crypto firms in the
as crypto firms in the US push for a regulatory overhaul in the country. It comes amid growing concerns that stringent and unclear regulatory structures in the US continue to drive business away from the country.In a recenton LinkedIn, former US White House staff Lauren Belive, who served during the Barack Obama administration, announced that she is coming in as Ripple’s new Head of Public Policy and Government.
Based on the post, Belive will spearhead Ripple’s engagement with the changing regulatory landscape in Washington and countrywide.has a meeting scheduled for September 27 in Washington DC, at which innovators, entrepreneurs, and developers are expected to attend and engage with legislators and government officials.
Meanwhile, the US regulatory system is showing signs of pulling in the opposite direction. This has driven Coinbase to leverage its platform to to mobilize crypto owners into single-issue crypto advocates.Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide.
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