Michael Warren’s appointment to the board of directors, according to Ripple, comes at a vital time.
Legislators and authorities, particularly in the United States, have been under increasing pressure to specify what kind of cryptocurrency operations are acceptable.
As we all know, the crypto behemoth and two of its senior executives are still embroiled in a bitter legal battle with the Securities and Exchange Commission in the United States. In late 2020, the SEC filed a lawsuit against Ripple, alleging that XRP sales amounted to a $1.3 billion unregistered securities offering.
Ripple has been expressing a strong desire for regulatory certainty in the United States and around the world for years. Warren’s extensive experience can assist the organization in achieving this goal.
Warren is the Managing Director of Albright Stonebridge Group, where he advises businesses, investors, and stakeholders on how to navigate difficult commercial and regulatory environments in new and emerging regions. This makes him an ideal candidate for his new position on Ripple’s board of directors.
Warren also has over 20 years of experience working in regulatory affairs. He has previously served in two US administrations. During the Clinton administration, he was the executive director of the National Economic Council. Warren then worked as a Senior Advisor in the White House Presidential Personnel Office during President Barack Obama’s first term. That’s, before joining Obama’s Overseas Private Investment Corporation board of directors as a member of the audit committee.
Warren’s arrival might help XRP as well as improve Ripple’s relationship with authorities.
He is ecstatic to be joining Ripple at such a “critical juncture in history”
…for the blockchain payments company and the broader cryptocurrency market.
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