Ripple CEO Brad Garlinghouse has taken the opportunity to plug XRP as a solution to the concerns raised by Treasury Secretary Steven Mnuchin.
Speaking on Twitter, Garlinghouse said that he hopes regulators recognize that not all cryptocurrencies are cut from the same cloth in terms of their potential to facilitate crime and money laundering.
The comments are no doubt intended to remind both investors and regulators that unlike bitcoin, XRP does not purport to create a parallel financial system and is fully open to being regulated.
Garlinghouse revealed that he personally informed Mnuchin of his concern that crypto was being tarred with the same brush across the board. The Ripple chief maintains, however, that assets like XRP work alongside and not against the conventional banking system.