• Latest
New Ripple-Led Advocacy Group to Pay DC Lobbyists in XRP

New Ripple-Led Advocacy Group to Pay DC Lobbyists in XRP

September 29, 2018
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

März 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

März 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

März 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

März 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

März 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

März 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

New Ripple-Led Advocacy Group to Pay DC Lobbyists in XRP

coinnewsdaily by coinnewsdaily
September 29, 2018
in Business
0
New Ripple-Led Advocacy Group to Pay DC Lobbyists in XRP
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Ripple is leading a number of organizations launching a lobbying group in Washington D.C., Business Standard reported Friday.

Dubbed Securing America’s Internet of Value Coalition (SAIV), the group includes, apart from Ripple, 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.

Related articles

IoTeX’s MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses

IoTeX’s MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses

Juli 26, 2022
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

Mai 6, 2022

Most of the participants have links to Ripple; for example, Coil was founded by the former CTO at Ripple Stefan Thomas and Hard Yaka has been working on a prepaid card allowing users to spend Ripple balances in real time.

Together the startups hope to influence the regulation of crypto in an environment when „policymakers in Congress and government agencies examine this new technology and wrestle with a regulatory regime that must be updated to meet the needs of this global financial transition“, the SAIV’s press release says.

SAIV will aim to promote „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.“

To that end, the coalition has hired lobbying firm Klein/Johnson Group, a bipartisan lobby shop focusing on issues related to technology and financial services and boasting Oracle as one of its clients. Klein/Johnson was founded by former staffers of senators John Cornyn and Chuck Schumer.

Notably, the firm is going to be paid $25,000 a month, as well as 10,000 XRP – the Ripple-linked open-source crypto token worth $0.54 at press time.

Paying lobbyists in tokens gives a certain advantage, said Chris Larsen, executive chairman of Ripple, continuing:

„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.“

He admitted that lobbying for crypto-related issues isn’t easy currently, but „there is a lot of interest in this topic in D.C.“

PolySign CEO Jack McDonald said in a statement that digital assets will „only reach their full potential/adoption when we achieve widespread education and understanding as well as institutional-grade infrastructure in the industry.“

SAIV will focus its efforts on working with US policy makers and government agencies „who can help us realize these initiatives,“ he explained.

As co-founder of Klein/Johnson Izzy Klein told Business Standard, the new coalition is planning to lobby Congress as well as the Securities and Exchange Commission, the Internal Revenue Service and other agencies that are involved in the regulation of crypto.

He also noted that his firm will convert the XRP price into dollars when it discloses the payments on federal lobbying forms.

U.S. Capitol building, Washington D.C., image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Tags: BusinessCongressCryptoCrypto BusinessCrypto custodianCTOinstitutional-grade infrastructuremedia outlet
Share76Tweet48
Previous Post

One Musician’s Creative Solution to Drive ASICs Off Monero

Next Post

Ripple and SAIV Lobbying For Supportive Crypto Rules, Heads to Washington DC

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

IoTeX’s MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses
Business

IoTeX’s MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses

Juli 26, 2022
ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

Mai 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
Load More
Next Post
Ripple and SAIV Lobbying For Supportive Crypto Rules, Heads to Washington DC

Ripple and SAIV Lobbying For Supportive Crypto Rules, Heads to Washington DC

Kategorien

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

Please enter CoinMarketCap Free Api Key to get this plugin works.
✕
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev