In his recent tweet, the Ripple’s head of regulatory affairs in the US, Ben Melnicki, spreads the word that he has joined the Blockchain Association’s board as a co-chair.
Ripple is up to blending banks with crypto
This is the second Ripple’s executive to join the Blockchain Association. Prior to Melnicki, Michelle Bond, the global head of Government Relations, did the same.
This comes after Ripple announced the opening of a representative office in Washington, D.C., in order to have a closer dialogue with the US regulators, such as the SEC.
Since Ripple is collaborating with banks and the current financial system instead of opposing it (as Bitcoin and other cryptocurrencies and their communities are doing), Ripple is up for setting up a proper regulatory mechanisms for this innovative sphere of fintech.
To help blend the current regulatory system and the nascent crypto technology, Ripple’s reps are joining the Blockchain Association.
XRP price remains at the foot of the hill
Currently, as the market is the red, XRP, Bitcoin Cash and Tron are the three coins that are sliding down at about the same pace – losing around 4 percent overnight.
The other day XRP slipped below the psychologically important level of $0.25. However, some in the community remain optimistic, reminding everyone how quickly the XRP price surged back in 2017 from under $0.25 to over $2.