Ripple (XRPUSD)

[europa7]

Crypto industry's lobbying drive will pay off in US elections, Ripple president says
https://www.reuters.com/technology/crypto-industrys-lobbying-drive-will-pay-off-us-elections-ripple-president-says-2024-06-04/

"...Speaking at the Money20/20 fintech conference in Amsterdam on Tuesday, Ripple President Monica Long told Reuters that the PAC is bipartisan and has a single focus: supporting candidates who back the regulations desired by the crypto industry.
"I think as an industry, especially for us companies based in the U.S., we’re frustrated with how far the U.S. is lagging on setting rules," she said. "This whole dynamic of setting rules through enforcement ... is really unproductive and not getting us anywhere."..."

"...Asked if she was optimistic that the U.S. crypto industry's voice will be heard, Long said, "I’m optimistic, yes. I’m hopeful.”
The crypto industry is increasingly trying to influence U.S. lawmakers as it faces heightened scrutiny from regulators and politicians, especially since bankruptcies at major crypto firms in 2022 spooked investors, exposed fraud and misconduct and left millions of crypto investors out of pocket..."