Ripple and XRP are two entities that have been enjoying a great year so far. Ripple was able to bag a lot of partnerships, and XRP witnessed strong adoption.
Ripple is in the spotlight for moving XRP once again.
Ripple responds to Bloomberg accusations
Not too long ago, Ripple was in the spotlight when the company responded following some accusations coming from a Bloomberg report.
Bloomberg released a report that is citing Ripple’s ownership of more than half of the supply of XRP and the routine sale of the digital asset as reasons that could have triggered the sluggish performance of XRP.
Ripple responded: “Sales had been tied to trading volumes reported by exchanges, and recognizing that some platforms were misreporting volumes, Ripple has ‘substantially reduced XRP sales,’ a trend that’s expected to continue this quarter.”
Ripple hires a new name
Now, Ripple hired a new government relations manager amidst the continued expansion of the whole ecosystem.
Now, the Daily Hodl revealed that Ron Hammond who is a former legislative assistant to Ohio Republican Congressman Warren Davidson announced his hiring and posted about it on social media.
“Excited to announce that as of today, I am the new Manager of Government Relations for @Ripple! Thrilled to bring all of my legislative experience, including crafting the Token Taxonomy Act, to the team. Special thanks to @michellebond111 and @s_alderoty for this opportunity!” he revealed.
Ripple moves 500 million XRP
It’s been also reported that the Token Taxonomy Act would amend the Securities Act of 1933 and the Securities Exchange Act of 1940, exempting cryptocurrencies from US securities laws.
This latest news came just as WhaleAlert reported that Ripple sent 500 million XRP, worth about $130 million, from its OTC distribution wallet.