The cryptocurrency community has been eagerly waiting for a Bitcoin (BTC) ETF to be approved by the SEC this year. Many have watched as the regulatory body has rejected rule change applications that want to facilitate the availability of an ETF backed by Bitcoin in all regulated US Markets. The most famous to be rejected, was the one put forward by the Winklevoss Brothers that was rejected back in late July. The one that now stands a chance at being approved, is the pending one sponsored by the CBOE exchange. The American public has since been requested by the regulatory body, to share their opinion on their website about the ETF.
Trump’s White House Interested in Ripple and XRP
The Trump administration has recently been reported as being concerned over the dominance of China in the process of mining Bitcoin. 80% of all BTC mining is carried out within its borders despite a ban prohibiting crypto trading in the country. It is therefore only natural that the current administration at the White House – that believes in Making American Great Again – has been rumored to having shown a keen interest in Ripple products and XRP.
Ripple Lab’s chief strategist, Cory Johnson, had this to say about his recent talks with officials at the White House:
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.
Make America Great Again with Ripple and XRP
Given the fact that the Trump Administration is geared towards making America Great Again, there is no better way than to speed up the process of regulation to make the United States the largest crypto trading country by volume on a global scale. This also applies to the adoption of blockhain technology on a grand scale.
What are your thoughts on the White House showing interest in Ripple’s technology? Do you think Ripple and XRP stand a chance at making American Crypto Trading Great Again? Please let us know in the comment section below.
[Image courtesy of www.whitehouse.gov]