XRP Is an Actual Cryptocurrency, Says US Congressman, Unlike Libra

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Thu, 10/24/2019 - 11:12
Yuri Molchan
The XRP community goes wild from joy as a US Republican Congressman called XRP an ‘actual crypto’ during Mark Zuckerberg’s testimony
XRP Is an Actual Cryptocurrency, Says US Congressman, Unlike Libra
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The XRP army has got another reason for joy after a US Congressman from the Republican party, Ted Budd of North Carolina, called XRP an ‘actual cryptocurrency’ together with BTC and ETH, naming them in the order of the market cap value.

Unlike those, said the Congressman, Libra is not crypto.

Mark Zuckerberg says that US may lose financial leadership if Libra is not launched

In his yesterday’s testimony in the US Congress, the CEO of Facebook, Mark Zuckerberg, faced a wave of criticism from US lawmakers.

In particular, Ted Budd, a Congressman representing North Carolina, stated that Libra is not an actual cryptocurrency while BTC, ETH and XRP are.

In response, Mark Zuckerberg stated that unless Libra gets the support from the US government, the country’s leadership in the sphere of finance is not guaranteed. Apparently, the Facebook founder was referring to the Chinese digital currency, the so-called ‘China Coin’, that is currently being tested by the China’s Central Bank (PBOC) and that is pegged to yuan.

When Mark Zuckerberg was asked, what the actions of Facebook will be should Libra Association decide to launch the coin regardless of the regulatory approval, the founder of the social media giant stated that Facebook will leave the Association.

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A bullish XRP forecast

One of active XRP community members, @CryptoBull2020, has tweeted that he remains bullish on the XRP price, and believes that by the end of 2020 it will hit an all-time high of $10.

As reported by U.Today yesterday, a prominent venture investor and a Bitcoin bull Tim Draper also wrote that the XRP price is about to show an ‘explosive growth’.

 

Will Libra be finally approved by US regulators? Share your opinion in the comments section below!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.