The Chief Technical Officer at Ripple Labs, David Schwartz, has just commented on a stirring matter concerning Ripple’s lobbying tactics over the years. Schwartz, in a bid to make clarification, said ‘the lobbyists are now in house.’
The CTO made the comment on Twitter as matters relating to Ripple’s lobbying expenditures in the year 2019 resulted in a discrepancy on social media platforms, especially among lovers of the blockchain project.
As earlier published by NewsLogical on January 13, 2020, Ripple’s lobbying expenditure in the year 2019 reduced by 62% after $170,000 was expended lobbying that year. In 2018, $450,000 petitioning expenditure was spent by Ripple.
However, while lobbying of bills is known a mundane issue among companies around the world, an avid member of the Ripple community on Twitter, Eric Dadoun, dropped a number of perceptions that may erupt due to the reduced expenditures.
Eric said while FUD peddlers would believe the reduction means a sign of failure for Ripple as the company has nothing left to lobby for, and XRP is just a scam, optimistic followers would say less lobbying means progress for Ripple.
Lastly, Eric claimed that in reality, “the builders are busy but we’ll argue for sport anyways.”
David Schwartz afterward revealed his own perception about the matter, saying “Or the lobbyists are now in house.”
On a par with Schwartz’s assertion, the number of Ripple’s officials involved in lobbying in the year 2019 increased compare to 2018.
As obtained from OpenSecrets.org, 33% of the lobbyists in 2019 were Ripple’s employees, as against 2018, where the percentage stood at 20%. This, indicating that Ripple probably had more in-house lobbyist in 2019.
Ripple Unlocks 100 Million XRP From Escrow Wallet
Ripple has just implemented another act which some believe to be affecting the price of XRP negatively in the market. The San Francisco-based company once again unlocked another huge XRP token from its escrow wallet.
As detected by Whale Alert, a hundred million XRP (worth $23,823,138 at the time of writing) was unlocked by the remittance company. This came at a time the market is witnessing price surge after a long-awaited period.
Despite the statement of CEO Brad Garlinghouse that Ripple is unable to manipulate the price of XRP, the community believes the latest unlock is just another attempt dedicated to profiting Ripple while dumping XRP on bag holders.