Trump Admin in Talks with Ripple and that Senate Crypto Hearing...

The weekend news that the Trump administration is in talks with Ripple (#XRP anybody±!) may be over-hyped, but then again there is more. Coupled with that senate hearing on cryptos, which took place a few days earlier, get's one really thinking. It is becoming clearer and clearer that the federal US government is increasingly pro crypto. The Fed has also not been anti-crypto, which is also interesting and was even one of the early bodies to unofficially welcome discussions on BitCoin and even Ripple/XRP.

I guess the question still is, in which form;
Crptyo as an asset class
Or
Crypto as a currency

Or both! Perhaps it does not matter for now, for those intrigued and perhaps even invested in this field. Surely however, the crypto-landscape in 2019, if not the last couple months of 2018, holds much promise. Cyrptoland is abound with positive news, even in a relatively down crypto-market.

What is also interesting, is that in that Senate hearing on cryptocurrency you had a pro-crypto person, Peter Van Valkenburgh, whom did an excellent job. And on the very negative side, Nouriel Roubini, which I still find odd, who had terrible arguments such as “BitCoin and other cryptocurrencies have been used by criminals, by terrorists, by human traffickers, by tax evaders just to engage in a variety of criminal activities.” source This is such a ludicrous comment. Like the USD or credit cards have never been used, an extensively, in such illegal activities? Anyway, you get the idea of his type of antiquated arguments.

Roubini, know as Doctor Doom (permabear), whose only half-way good point was that too much BitCoin mining is becoming more-and-more centralised in China (and even that is more a perceived problem then reality) via uncontrolled, perhaps shady, albeit decentralised parties (Valkenburgh gave a great answer as well)…
And then these Ripple talks, or the hype thereof, with the Trump team soon after. Over-coming that very objection on mining…

Now, what a coincidence! Full article below:

Ripple in Talks with Trump Administration
https://ethereumworldnews.com/ripple-in-the-talks-with-trumps-administration-also-xrp-not-ripple-chief-market-strategist/

Now this news that Ripple is in talks with the “Trump administration” may very well be over-hyped. I mean Ripple has hundreds of banks already as customers and has long been talking to government regulators and the likes. They even are head of a Washington lobbyist group for cryptos. It is just the twist on the “China threat” to cryptocurrencies that I find interesting. The timing is perfect, in relation to that second senate hearing.

This said, it has long been rumoured and even by BitCoinBen, who openly came out that XRP was likely the future of banking, (even though he himself does not like Ripple), that president Trump would be releasing some form of a cryptocurrency or policy very soon. See latest video also from just a few days ago, “Trump vs The Global Banks! Market drop, and how does this help crypto :)”

A few months ago, in the slow times of summer, this CNBC story slipped out, “Trump poised to take control of the Federal Reserve.” Is there more going on then we could even imagine?

The winds of White House roles in cryptoland get stronger and stronger. Time will tell!