Blockchain company ripple, appointed Michael Warren, who had been a senior adviser to the White House during former US President Barack Obama’s first term, to the board.
“I Want to Make Progress in Cryptocurrency Regulation”
Making a statement on the subject, Warren together with Ripple cryptocurrency He said he wanted to make progress in the field of regulations.
With these words, Warren referred to the ongoing litigation between XRP and the SEC, which limited the company’s growth.
Warren is currently managing director of global consulting firm Albright Stonebridge Group.
Warren also served as the director of the National Economic Council during the Clinton administration.
Ripple CEO Brad Garlinghouse praised Warren’s track record and said that his expertise will be an invaluable resource for the company.
Warren is expected to help Ripple expand its presence in global markets and drive adoption of the company’s products as part of its growth strategy.
Also on Ripple’s board of directors are former diplomat Anja Manuel, former Assistant Secretary of the Treasury Department Craig Phillips, SBI Ripple Asia CEO Masashi Okuyama and economics professor Susan Athey.
The company’s CEO, Garlinghouse, and co-founder Chris Larsen were accused by the SEC of conducting illegal securities sales. The couple’s requests to dismiss the case were recently denied by the court.
We’re excited to welcome Michael Warren to our Board of Directors!
Michael will play a key role at Ripple as we continue to champion #regulatory clarity in the US and expand our presence in global markets.
Learn more: https://t.co/5JL6fRthiq
— Ripple (@Ripple) March 16, 2022
The company’s official Twitter account also made a statement on the subject:
“Michael will play a key role as we continue to advocate for regulatory clarity in the US and expand our presence in global markets.”
*Not investment advice.