Ripple attempts to pacify US regulators after libra hearings

Payments service provider says crypto assets would be complementary to dollar

ripple cryptocurrency_Getty - web.jpg
Open letter: Ripple’s move comes two days before hearings on regulatory frameworks for crypto assets and blockchain

Payments service provider Ripple has said crypto assets do not pose a threat to central bank control of monetary policy, following libra’s critical response from US lawmakers.

In an open letter to the US Congress, Ripple made an attempt to placate regulators by stating that crypto assets would be complementary to the dollar, while encouraging greater financial inclusion and economic growth.

Facebook’s libra faced harsh criticism from Congress earlier this month, with lawmakers describing the

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: