Ripple leads the new blockchain association working group with Coinbase. Ripple is actively involved in various organizations related to the crypto industry. Representatives of Ripple often act as consultants on the blockchain, and also promote the idea of its wider use in the world. Ripple, including through its technologies, proves the usefulness of the crypto industry for a wide range, and this gradually gives its very important and significant results. So, now the head of the department of institutional markets of Ripple, Bryn Madigan, together with the senior director and junior chief adviser of Coinbase Rachel Nelson lead the new working group in the Blockchain Association.
Ripple leads the new blockchain association working group: Details
Ripple, represented by Ripple Institutional Market Manager Brin Madigan, along with Coinbase’s senior director and junior chief adviser, Rachel Nelson, leads a new working group at the Blockchain Association. The new group, where Ripple is in the lead, suggests a course towards “market integrity” in order to achieve greater “transparency and fairness” in cryptography. As the Blockchain Association notes, the crypto industry in the United States is largely not regulated.
As a result, problems associated with market manipulation and false data are accumulating more and more. This is preventing digital assets from gaining legitimacy in the financial world. That is why certain disputes and doubts continue around Ripple XRP and other cryptocurrencies. It provides food for information ducks and fake buzz in order to attract attention. It is in order to ultimately solve such problems that we need a new working group led by Ripple and Coinbase. In addition to directly representatives of Ripple and Coinbase, leaders, the working group includes representatives from Circle, Blockstack, Digital Currency Group and Polychain Capital. It is suggested that this can help make some progress.
Now, as the Blockchain Association notes, the crypto industry regulatory regime in the United States is creating an intricate and efficient process that stifles innovation to some extent. It is worth noting that this coincides with the opinion of representatives of Ripple, who have already appealed to the US government earlier, saying that changes are necessary. During the 2020 World Economic Forum in Davos, the US President and Secretary of the Treasury talked about the likelihood of change and innovation, to some extent alluding to the relationship of these with Ripple. This shows that Ripple can really change the future of financial technology, as evidenced by the new role of Ripple representative Breen Madigan in the Blockchain Association.