Ripple hired the previous Policy Adviser to step up advocacy with lawmakers in Washington.
In Ripple’s Twitter Ron Hammond announced that he had joined the firm as the new Government Relations Manager.
Hammond previously served as a legislative assistant for Rep. Warren Davidson, who led drafting of the “Token Taxonomy Act”, a bill that provides a clearer legal position for cryptocurrencies in the states.
We remind that the bill was first introduced in 2018 by Davidson and Darren Soto. At the end of 2019, a new version of the document appeared.
The bill is provided for the exemption of certain cryptocurrencies and other digital assets from federal securities laws. Representatives Josh Gotheimer, Tedd Budd, Scott Perry and Tulsi Gabbard also co-sponsored the 2019 bill.
Michelle Bond, head of government at Ripple, greeted Hammond on his LinkedIn account:
Hammond’s knowledge of securities laws might come in handy for the firm, because regulators accused Ripple of selling unregistered securities through an XRP token that is used in one of the bank payment products.
Due to the fact that the United States may take a tough stance concerning crypto regulation, Ripple also urged lawmakers not to suppress innovation by bringing all cryptocurrencies together.
In July, the company appealed to Congress on its blog:
We urge you to support regulation that does not disadvantage U.S. companies using these technologies to innovate responsibly, and classifies digital currencies in a way that recognizes their fundamental differences—not painting them with a broad brush.