Ripple (XRP), advocate for lobbying in the crypto universe

In 2020, the US XRP issuer spent $ 690,000 on lobbying. Ripple is replacing all other crypto players, including the huge Coinbase. His expenses were insufficient to save him the SEC complaint.

In 2020, the US XRP issuer spent $ 690,000 on lobbying. Ripple is replacing all other crypto players, including the huge Coinbase. His expenses were insufficient to save him the SEC complaint.

Ripple was very active in lobbying in 2020. The company regularly emphasizes the need to bring more legal clarity to the crypto asset market. And its investments in this area shouldn’t slow down.

Late last year, Ripple (XRP) recruited former JPMorgan Chase Director of Regulatory Affairs, Sandie O’Connor. Most of all, the company faces one serious threat: the SEC complaint.

Ripple employs a lobbying expert

In any case, the lobbying costs in 2020 were insufficient to reassure or convince the regulator. Among the crypto players, Ripple occupies the first step of the podium. He made $ 690,000 available for lobbying in the United States.

The XRP issuer therefore spent significantly more than other players in the cryptocurrency market. In fact, Cointelegraph reports that Ripple is largely replacing the second, Coinbase.

The exchange spent $ 230,000 on lobbying in the United States in 2020. For the Diem Association, the former Libra Association, its budget was only $ 200,000. The sign of a calming of his relations with the supervisory authorities?

The stablecoin issuers Diem and Ripple have one thing in common: FS Vector. The two organizations use the services of the same service provider who specializes in lobbying. Also note that Ripple cut its own internal team of lobbyists in mid-2020.

XRP, stocks or cryptocurrency? Debate in 2021

The company relies exclusively on its partner FS Vector for its lobbying activities. And the latter will likely be very busy in 2021 to make Ripple’s arguments heard.

The company needs to convince the SEC and the courts of the nature of its XRP token. For the regulator it is a security, that is, a financial security. On the contrary, the issuer considers it to be in the same category as Bitcoin and Ethereum.

However, these arguments did not convince the previous SEC management team. Accordingly, « the vast majority of Ripple’s revenue came from the sales of XRP, and Ripple relied on those sales to fund its business. » « 

What are the fees for Binance?

What are the fees for Binance?

Fees are charged for trading activities on Binance. The flat rate for trades is 0.1% of the trade amount. Using the BNB token for trading activities results in a 50% discount so the fee is 0.05%.

How can I withdraw BTC?

Link it to a bank account and deposit at least $ 10. Add your BTC address to Coinbase. Sell ​​your BTC to Coinbase so you have fiat currency in a wallet. Press the « Withdraw » button from this wallet.

What are the fees for Coinbase?

* Actual depositing currencies into your Coinbase account is free. Coinbase then charges a commission of 1.49% per purchase. For lower fees you can use GDAX.

What are the fees for Kraken?

The fees for Kraken are relatively low compared to market prices. On average, the transaction fees are between 0.15% and 0.25% and vary mainly depending on the transaction volume. Withdrawal and deposit fees vary by currency.

How can I withdraw my money from Binance?

How can I withdraw my money from Binance?

Binance: How to withdraw in euros to your account …

  • 1- Go to your Binance wallet (spot) …
  • 2- Enter the amount you want to withdraw to your bank account. …
  • 3- Enter your IBAN. …
  • 5- Perform the security check of your withdrawal.

How can I withdraw my bitcoins in euros?

To make the payout, click on « Payout » in the euro line (EUR). Then all you have to do is select the amount and the target account. If you have not yet registered an account, you can do so at this point.

How does Binance work?

To trade your cryptocurrencies on Binance you need to:

  • Click the Exchange tab at the top of the screen.
  • Select the trade pair you want to run.
  • Retrieve information on trading (market development, trading volume, number of cryptocurrencies purchased, etc.);

Which crypto should be invested?

Cryptocurrency Price ($) Variation over the year
Bitcoin (BTC) 7.539 + 96.16%
Ethereum (ETH) 132.9 – 5.62%
Ripple (XRP) 0.19 – 46.39%
Litecoin (LTC) 42.3 + 32.29%

Which crypto for 2020?

In our opinion, the most promising cryptocurrencies for 2020 and in the coming years are the Tezos (XTZ), the Stellar Lumens (XLM) and the ChainLink (LINK), whose prices have risen sharply in recent months.

Which crypto should be bought in 2020?

6 cryptocurrencies to buy for 2020 and beyond

  • Bitcoin (BTC) First of all, I’m not going to be original, but rather efficient. …
  • Basic Attention Token (BAT) The success of Basic Attention Token never fluctuates from month to month. …
  • Enjin Coin (ENJ) …
  • Binance Coin (BNB) …
  • Nexo (NEXO) …
  • Ethereum (ETH)

What is the most profitable cryptocurrency?

These are cryptocurrencies, especially Bitcoin. It is indeed the most profitable commodity today.

How do I trade cryptocurrency on Binance?

To trade your cryptocurrencies on Binance you need to:

  • Click the Exchange tab at the top of the screen.
  • Select the trade pair you want to run.
  • Retrieve information on trading (market development, trading volume, number of cryptocurrencies purchased, etc.);

How do I sell crypto on Binance?

  • Click on « Market / Exchange ». then « Basic / Basic » at the top left of the screen.
  • Choose the type of market (BTC market if you want to collect bitcoins).
  • Select the crypto that you want to sell.
  • In the table in the « Sell » field, select the type of order (« Limit » or « Market »).

Ripple (XRP), advocate for lobbying in the crypto universe
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