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Ripple, the start of the blockchain, is leading a new lobby group on cryptocurrency called Securing America's Internet of Value coalition.
Coindesk, quoting a Standard of the company report at the end of last week, reported that the companies behind the lobbying group also include the RippleWorks Foundation; Coil, a company developing a solution for digital payments; Hard Yaka, an investment firm specializing in digital assets; and PolySign, a company seeking to be a custodian of crypto. Coindesk noted that most members of the new pressure group have ties to Ripple. Coindesk cited Coil as an example. Its founder is the former director of technology at Ripple. Meanwhile, Hard Yaka is developing a prepaid card that allows users to spend Ripple balances on the spot. The group's goal is to influence the regulation of the cryptocurrency market and to influence decision-makers in Congress and government agencies who "examine this new technology and fight against a regulatory regime that must be updated to meet the needs of this global financial transition. ", Said the group, according to Coindesk.
The Secured America Internet of Value coalition – or SAIV – will seek to push for a "vision of an Internet of fair and equitable value", standard and consistent rules for all major protocols, clarification of custodian rules and gains, assets and charitable contributions. The group will work with lawmakers and government agencies in the United States. The group turned to the Klein / Johnson Group lobbying firm to advance its cause. cryptocurrency. Chris Larsen, executive chairman of Ripple, said in the report: "This gives them an advantage and gives them some risk. I hope this will give them a taste of the industry in a way that is unique to them. The executive pointed out that lobbying for cryptography issues is not easy, but is generating a lot of interest.
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