Ripple is strengthening its push to get regulatory clarity for ongoing Ripple Vs SEC case. The firm has announced the addition of Michael Warren, the managing director of Albright Stonebridge Group (ASG), to its board of directors.
Ripple tackles regulatory woes with new Board Member
Ripple stated in a press release today that Warren’s addition to the board is at a critical time. The company is aiming to establish regulatory clarity for the crypto industry in the US and globally. Warren’s wealth of experience can help it do just that.
Warren’s current position at ASG where he advises companies, investors, and stakeholders on navigating challenging business and regulatory landscapes in new and emerging markets equips him for Ripple’s purposes.
Additionally, Warren has over 20 years of experience in regulatory matters. He has served two former US administrations. He first served as the executive director of the National Economic Council under the President Clinton administration. He returned for a stint as a member of the audit committee in President Obama’s board of directors of the Overseas Private Investment Corporation. The move will not only help Ripple’s position with the SEC at this time, XRP could also benefit from any positive turn out going forward.
For Warren, joining Ripple amounts to becoming a part of the making of history. Stating that Ripple was currently at a “pivotal moment,” he said:
I look forward to being a part of Ripple’s efforts to move the needle forward on crypto regulation while the company further solidifies its position as a leader in global finance and the digital economy.
Ripple is fighting for regulatory clarity on all fronts
Ripple’s CEO Brad Garlinghouse has hailed the new addition to the company’s board. Garlinghouse noted that the move deepens Ripple’s policy prospects.
As we continue to scale globally, our policy bench deepens with the addition of Michael Warren – welcome to the Board! https://t.co/eJ8ikvbiPI
— Brad Garlinghouse (@bgarlinghouse) March 16, 2022
Ripple has long made it its mission to proactively get the crypto industry fair regulations globally. Asides from standing up to the US Securities and Exchange Commission (SEC) where others would have given in, Ripple has also proposed a regulatory framework for the government to adopt.
Its experience-laden Board of Directors which includes Rosie Rios, a former US treasurer, came up with the framework titled “A Real Approach to Cryptocurrency Regulation” last November. The document is intended to offer a way forward for optimally harnessing the “dynamic capabilities of cryptocurrency and digital assets.”
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