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Ripple is going to the White House, and if you think about it, it’s crazy.
The White House is holding its third official meeting on stablecoin returns, and the company’s chief legal officer is included. A rebelStuart Alerotti, is on the guest list along with legal leaders from Coinbase and a16z.
The aim is that stablecoin providers should be allowed to pay the interest they earn on the reserves directly to users.
This argument caused confusion among the people Important regulations related to cryptocurrencies In the Senate. Traditional banks are strongly opposed to this, saying that stablecoins that offer large amounts of money can take money away from banks and weaken their lending power.
Seniors respond Cryptocurrency field Allowing wages is a benefit to consumers and it is important to keep innovation within the United States rather than moving abroad.
The presence of Ripple at the negotiating table is important, because it shows that policymakers are not limiting the big players in the cryptocurrency space, but actively involve them in drafting regulations.
This does not mean that the US government is about to accept XRP, but it shows that the regulations surrounding stablecoins areDigital assets.
XRP Price Prediction: Is It A Replay Or A Retracement?
Wrong The price of XRP The upper limit of the bearish trend failed to hold, because it was rejected near the area of ​​$1.61 and returned to the lower level.
This movement often indicates that there are unfinished business. The value is now directed to the channel structure, and you can also test it internally.
If less The price of XRP At the support level, this could lead to the $1.30 level. A big drop in the price could also reveal the $1.10 level, but this is still a secondary event for now.
A failed attempt often leads to further decline before a strong push.
If the price of XRP stabilizes and forms the bottom of the level or the edge of the channel, it will encourage another test.
A recovery to $1.50 is important, especially for expansion Powerwhich will confirm the breakout of the channel and change focus to $1.90 and beyond.
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A note XRP Price Forecast: Ripple Invited to the White House – Does the US Government Want to Back XRP? appeared for the first time Cryptonews Arabic.
