Republican Congressman Warren Davidson was invited Ripple, and representatives of 32 other companies associated with cryptocurrencies discuss a possible regulation of the ICO market.
List of companies, in addition to Ripple, include: NASDAQ, Kraken, CME Group, the Circle and the Intercontinental Exchange (ICE), which is working on a new cryptocurrency platform Bakkt.
The Congressman believes that now the market has quite a lot of fraudulent projects, but with the help of KYC and AML procedures, you can reduce the number of unfair players.
Meeting is scheduled on Capitol hill on September 25. Recall that at the same time, the Commission on securities and stock exchanges of the USA must make its decision on the application for a bitcoin ETF from the CBOE.