After a sTron (available on Binance)g week in the crypto world, it’s a bit of a shame to be seeing so many coins down today, but that’s the way things go sometimes. Here’s an update on what’s happening with Ripple (available on Binance) (XRP), Tron (available on Binance) (TRX), and Lisk (LSK).

Ripple (available on Binance) (XRP)

Ripple (available on Binance) is currently selling for $0.643351, which puts the coin down 3.66% in the past 24 hours.

Source: CoinMarketCapAlthough Ripple (available on Binance) is down for the day right now, XRP is up 32% in the past seven days, so it’s not all doom and gloom out there.

One reason that XRP might be down today is its involvement in crypto regulations. Ripple (available on Binance) hasn’t been shy about its position on regulation in the past. CEO Brad Garlinghouse has been very outspoken about his belief that cryptocurrencies need to work with government regulations in order to sustain the crypto revolution – not exactly the most popular sentiment among the crypto community.

Once again, Ripple (available on Binance) is proclaiming its regulatory stance. Ripple (available on Binance)’s head of regulatory relations, Ryan Zagone, wants UK regulators to implement new rules.

Zagone told UK news source The Telegraph, “We’re at that time now where we need more clarity and rules and we need more certainty. It’s a good time to start revisiting that ‘wait and see’ approach taken by regulators.”

Ripple (available on Binance)’s stance is about balance – finding a balance between “capturing risk and enabling innovation.” Regulations should start by focusing on consumer protection, anti-money laundering, and financial stability.

Zagone and Ripple (available on Binance) may be right, but XRP may also be suffering because of it.

Do you think there’s a connection between XRP’s drop and Ripple (available on Binance)’s renewed emphasis on crypto regulation?