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Ripple Opens New Office in the Heart of Washington, DC, to Educate US Lawmakers

  • Alex Dovbnya
    📰 News

    Ripple CEO Brad Garlinghouse says that it's crucial for them to have a DC presence in order to work on "effective" crypto regulations

Ripple Opens New Office in the Heart of Washington, DC, to Educate US Lawmakers
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San Francisco-based cryptocurrency startup Ripple has recently made an announcement about opening a new office in Washington, DC, to educate lawmakers on the disruptive impact of crypto and Blockchain. 

Notably, Ripple has become the very first crypto company to set up a dedicated global regulatory team in the capital of the United States.

Stepping foot on Capitol Hill

Ripple CEO Brad Garlinghouse told Forbes that stepping on the DC turf will allow them to maintain a dialogue with policymakers to "figure out" how to regulate the crypto industry. 

"We’re focused on maintaining a dialogue with Washington regulators and policymakers and being a resource to the Hill allows us to be easily accessible at all times.” 

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Back in July, Garlinghouse wrote an open letter to the US Congress, urging lawmakers not to paint all cryptocurrencies with one broad brush.          

Apart from securing its physical presence on Capitol Hill, Ripple also added Craig Phillips, a deputy to US Treasury Secretary Steven Mnuchin, to the company's board of directors. Phillips's role will be instrumental in ensuring Ripple's global expansion while dealing with regulatory minefields.   

"In his new capacity as a Ripple Board of Directors member, Craig Phillips will provide counsel to Ripple’s leadership team and advise on strategic regulatory opportunities as Ripple expands its global network." 

Ripple's regulatory push doesn't stop there -- it also joined the Blockchain Association, the purpose of which is to advance the development of digital asset technologies by achieving regulatory clarity.    

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Securing US dominance in crypto

Although the US remains the biggest crypto market, its lawmakers have been stonewalling any notable regulatory progress with countries in the likes of Switzerland getting ahead in the crypto race. 

Garlinghouse predicted that the US could cede ground to China, which, despite banning Bitcoin, is preparing to launch its own central bank digital currency

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
    📰 News

    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Bitcoin recently dropped to $6,800, its lowest level since early May. However, Demeester apparently sees this as yet another opportunity to buy the dip. He states that top coin's parabolic uptrend that started at the beginning of 2015 hasn't been violated. However, Bitcoin has tapped support for the first time since March when Bitcoin was trading well below $4,000. 

Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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As of now, BTC is down by nearly 50 percent from its yearly high, but this might not be the end of the nightmare for Bitcoin bulls. According to trading exert Josh Rager, the crypto king could plunge below the $7,000 level again after a fakeout to the $7,500 range. 

Gold bug Peter Schiff recently predicted that BTC could collapse to $10,000 level after competing the head-and-shoulders pattern.  

At the time of writing, BTC is sitting $7,313, CoinStats data shows. 

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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