Open Letter From Ripple Asks US Gov’t For Fair Crypto Regulation

Blockchain payment network Ripple signed an open letter to United States regulators on July 28 ahead of fresh hearings on cryptocurrency regulation this week. 

In the wake of mixed feelings from Congress on both Facebook’s Libra digital currency and crypto more broadly, Ripple CEO Brad Garlinghouse appealed to Washington to be lenient in its future approach.

The letter, which follows other recent concerns from Garlinghouse, begins:

“Many in the blockchain and digital currency industry are responsible actors. We are responsible to U.S. and international law. We are responsible to serving the greater good.”

Ripple is the company behind the altcoin of the same name, XRP, used as a native token for its payment network and associated projects.

The network has seen interest from banks around the world, most of which are keen on cutting costs of international transactions in particular.

The company and its executives have meanwhile often found themselves at the center of controversy in…