Ripple invites US regulators to treat XRP as Bitcoin and Ethereum

Ripple's Director of Regulatory Relations states that political uncertainty is the only thing that prevents XRP from obtaining mass adoption from US banks and financial institutions.

At Fintech Week in Washington, DC, Ryan Zagone said that XRP needs more clarity to move forward.

"The Challenge for Adoption Back to Politics Political uncertainty around some assets has limited uptake, particularly here in the United States.

And I'm talking about Ripple and XRP, because we use this good because it's half a cent per payment. It's basically free. Ladder. And it is efficient, with 1,500 transactions per second and almost no energy burned. So we are at a point today where there are real solutions to all these challenges that already exist. "

According to Zagone, US regulators should treat XRP in the same way they see Bitcoin and Ethereum.

"Today, political security in the United States exists for Bitcoin and Ethereum, despite the fact that these are platforms controlled by China, so the activity goes to those platforms." What we have to do from a political perspective in the United States is to look at to places where there are uncertainties.

And a place where I'm talking directly to me here is XRP, where it looks like Bitcoin. It is decentralized. It is open source. We have a small 7% of the validation power on that. Rather small there. Give clarity to those that are very similar to Bitcoin and Ethereum that have the same characteristics and should be classified in the same way. And then we are creating a level playing field on all cryptos.

They are not anti-Bitcoin or anti-Ethereum, by any means. I think there is great potential and great success there. But we must have a level playing field so that the market can choose which ones they want to use and not, as today, be hampered by regulatory uncertainty ".

The SEC states that Bitcoin is not a security.

The agency has not officially classified Ethereum or XRP, although the SEC corporate finance director says he does not believe Ethereum is a security, and President Jay Clayton says there is no need to change the traditional definition of security.

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