Ripple has been actively looking for the regulatory frameworks that encourage innovation in digital assets and the blockchain industry but the voice remained unheard. However, the company tightens its belt to bring in more clarity by doubling down its efforts in the regulatory regime.
Referring to the latest tweet of Ben Melnicki, Ripple’s head of regulatory affairs in the US, Ripple will now represent itself in the Blockchain’s Association’s board. Specifically, Ben has recently joined the Blockchain Association’s board as a co-chair.
— Ben Melnicki (@benmelnicki) November 22, 2019
It’s worth noting the Blockchain Association is a non-profit entity comprising of the change-makers of the blockchain industry. It defined itself as “the unified voice of the blockchain ecosystem” which brings policymakers, innovators, doers and industry leaders at one spot to “create a pro-innovation environment for the industry”. To broaden the approach of the Blockchain Association, Ben Melinicki will serve as Americas Head of Regulatory Affairs. He will Join Association’s board with Georgia Quinn, General Counsel at CoinList; Ian Darrow, Counsel at Protocol Labs; Craig Salm, Director, Legal at Grayscale.
Ripple isn’t a new name to Blockchain Association, Ripple’s Global Head of Government Relation, Michelle Bond in the past also made her name in the board member’s list of Blockchain Association.
Established in 2018, the Association has been actively working with regulators, policymakers, legislators to bring the legal definition to certain digital assets and except these digital assets from the US securities laws. More so, the association has recently launched the securities Law Working Group “to co-ordinate the industry’s effort” to encourage regulators to provide clarity in the United States securities laws. Echoing a similar concern, the official blog reads that;
Properly defining these assets is vital if the broader open blockchain economy is to grow to its full potential here in the United States.
Furthermore, Ripple’s co-founder Chris Larsen, in his recent Ripple Drop episode, stressed about regulatory clarity in the US. In his view, the regulatory uncertainty on a crypto industry is certainly hurting the innovation in the United States.
Image source: Pixabay.com
Author of One of the World’s Most Sold Self-help Books Says Bitcoin Holders Will Get Rich as the Fed Prints ‘Fake Dollars’
The Reason Why Ripple’s XRP Has ‘Such a Loyal Army’, Explains Firm’s Former Principal Developer Advocate
After Years Long Litigation With the SEC, Ripple Anticipates the End of the Lawsuit
Ripple’s CTO Gives Befitting Reply to Ai Chatbot’s Conspiracy that Ripple Controls XRP Ledger Secretly
Best Board Meeting Software Solutions for All Different Needs
Recent Press Release
Know Encrypted International SIM Card. A new product to get secure communications and cybersecurity
In the current era in which privacy is increasingly scarce and violated, Cybersecurity has become more relevant within people and...
What Are the Perks of Using Trading Bots?
Many people like to trade stocks using either an automated system that runs on its own or by trading manually....
Top 10 Ways To Build Wealth With Modern And Traditional Approaches
Building wealth is a tedious job but in the right manner, it can be achieved. Many people aspire to become...
Is Young Money Superior To Old Money In The Latest Digital Age?
To the advantage of all of us, modern tech has accelerated economic progress, and we must keep embracing innovation, particularly...
5 Best Ways Artificial Intelligence Can Boost Your Business
Artificial intelligence (AI) is not only a concept for science fiction anymore; it is also starting to appear in business....