Former U.S. Treasury Secretary Rosie Rios praises the popular altcoin XRP while criticizing other cryptocurrencies. Let’s examine the comments of Rosie Rios together…
Former US Treasury Secretary Rosie Rios praises popular altcoin XRP!
Former U.S. Treasury Secretary Rosie Rios recently used some laudatory words highlighting the utility of XRP. Rosie Rios claims in her tweet that the digital currency tied to Ripple is used for cross-border payments, believing that this sets it apart from other cryptocurrencies that are mainly useful for speculation. The former financier, whose name is printed on billions of US dollar bills, believes China’s most severe cryptocurrency ban to date should somehow highlight the difference.
Rosie Rios’ words should of course be taken with caution, given that she is now named on Ripple’s payroll. cryptocoin.com As we previously reported, the San Francisco-based company added Rosie Rios to its Board of Directors in early May. Kraken CEO Jesse Powell took a veiled look at Rios and Ripple in response to recent efforts to promote the popular altcoin XRP, saying:
If you’re wondering where some of these politicians got their ideas from… We’re not all on the same team and we don’t all have the same goals. Do not forget this…
Powell: XRP begins to pose ‘huge asymmetric risk’ for exchanges
In March, Powell stated that after Ripple was sued by the U.S. Securities and Exchange Commission last December, XRP began to pose a “huge asymmetrical risk” for exchanges. At the time of writing, XRP is trading at $0.97, up 6 percent.
As Cryptokoin.com previously reported, the SEC has officially sued Ripple in the past months. As part of this lawsuit, the SEC accuses Ripple and the company’s CEO, Brad Garlinghouse, and co-founder Chris Larsen of selling $1.3 billion in unregistered securities via XRP. Also, according to the SEC, XRP has been a security since its launch. However, after the opening of this case, there were deep decreases in the XRP price. Cryptocurrency has suffered a depreciation of over 80 percent.
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