Ron Hammond took to Twitter as we speak to substantiate to the XRP group that he’s the brand new supervisor of presidency relations for Ripple.

Token Taxonomy Act

On Sept. 3, Ron Hammond took to Twitter to announce that as of as we speak, he’s the brand new Supervisor of Authorities Relations for Ripple.

Hammond was reportedly a part of the workforce that crafted the Token Taxonomy Act, a invoice that might exclude cryptocurrencies from classification as securities, in addition to present the introduction of regulatory certainty for companies and regulators within the U.S. blockchain business. 

Writing concerning the new rent, the XRP Every day mentioned: 

“Ripple works with greater than 50 governments all over the world and now any person from the U.S. Authorities is managing the federal government relations at Ripple, which is superior. Glad to see Ron Hammond be a part of the workforce and assist construct the web of worth.”

XRP group takeover

As Cointelegraph reported on Aug. 28, the XRP group has been threatening a takeover i.e. a tough fork if Ripple executives carry on dumping XRP.

Brad Garlinghouse, Ripple chief govt, felt the necessity to diffuse the scenario and responded promptly by saying:

“XRP gross sales are about serving to increase XRP’s utility — constructing RippleNet & supporting different biz constructing w/XRP ie Dharma & Forte. Actuality is we DECREASED our gross sales by quantity Q/Q and since then the inflation charge of XRP circulating provide has been decrease than that of BTC and ETH.”

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