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Ripple's director of regulatory relations, Ryan Zagone, recently released an important announcement on the XRP ecosystem. The director of regulatory relations spoke of Ripple who adopts Rip. Zagone said that due to the uncertainties in the policies of US banks and other financial institutions, XRP was hampered by the collective adoption of Rip, reporting the Coincomments.
Zagone said that XRP needed more clarity to move forward and said:
"And I'm talking about Ripple and XRP, because we use this asset because it's half a penny for payment, it's basically free, scale, and it's efficient, with 1,500 transactions per second and almost no energy burned, so we're at a point today real solutions to all these challenges that already exist. "
Zagone has compared the regulations for XRP with those of Bitcoin [BTC] and Ethereum [ETH]. He said that political uncertainty in the United States exists for Bitcoin and Ethereum, even if they are controlled platforms by China. He suggested that the United States focus on places where there are political uncertainties.
Zagone said:
"And a place I'm talking about directly is XRP, where it looks like Bitcoin, it's decentralized, it's open source, we have a small 7% of the power to validate it, and it's pretty small there. Ethereums that have the same characteristics and should be classified in the same way, and then we are creating a playground in all cryptos. "
He also took the opportunity to clarify that it is not "anti-BTC" or "anti-ETH" and thinks there is "great potential and a big breakthrough there". However, he also believes that it is necessary to have a leveled field to allow the market to decide which currency to use, unlike where their choices are controlled by regulatory uncertainty.
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