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.
“If America doesn’t innovate, our financial leadership is not guaranteed.”— Pomp ? (@APompliano) October 23, 2019
This is Mark Zuckerberg’s main message to Congress today.
It is a great point.
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.
Facebook CEO Mark Zuckerberg said yesterday that “we would be forced to leave” the Libra Association if it chooses to move forward without the approval of U.S. regulators. https://t.co/VkIM6Ha91v pic.twitter.com/vrtyki7yPD— CNBC (@CNBC) October 24, 2019
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.
I am expecting #XRP breakout by end of October. I still think we will see a minimum of $10 by end of 2019.— CryptoBull (@CryptoBull2020) October 21, 2019
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!