Ripple has appointed two new members to its leadership team, Rosa Rios and Kristina Campbell. Rios, the 43rd U.S. Treasurer, will be joining the Board of Directors. Apart from being known for its association with XRP, several mainstream banks use RippleNet for payments, and its On-Demand Liquidity solution, which uses XRP, is used by several money transfer companies.
The appointment of a former regulator comes amid Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has alleged that Ripple and its CEO and Chairman conducted an unregulated securities offering for the XRP cryptocurrency.
Given that context, Ripple’s CEO Brad Garlinghouse said, “Rosie’s experience in the public and private sectors provides an invaluable perspective to Ripple, especially during this time as the industry works to define crypto’s future.”
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