Digital Currency Revolution Series: US Congressman Lauds XRP, Belittles Libra

The North Carolina Congressman, who reintroduced Crypto Tax Bill, has now made optimistic statement on XRP while highlighting the potential flaws and threats of Facebook’s libra.

As a result, the ripple troops have got another driving force to rejoice as the US lawmaker named the cryptocurrency in a constructive plinth. 

The US Congressman from the Republican party, Ted Budd of North Carolina, called XRP an ‘actual cryptocurrency’ together with BTC and ETH, naming them in the order of the market cap value.

Many of the crypto veterans have perceived that the price of XRP has value addition that is most likely to drive an exponential growth prospect.

XRPUSD has been dipping from the last couple of days, the price slumps from the recent highs of 0.3044 to the current 0.2713 levels. 

While Facebook CEO, Marc Zuckerberg hinted to moving out of Libra association, he has also stated to the US government, that, if Libra doesn’t get the regulatory support, the country’s financial leadership likely to  fade away referring to Chinese cryptocurrency digital Yuan.