Ripple strengthens its drive to clarify the regulations for the pending Ripple versus SEC case. The company has announced the addition of Michael Warren, the director of Albright Stonebridge Group (ASG), to its board of directors.
Ripple tackles regulatory issues with new board member
Ripple stated in a press release today that the addition of Warren to the board comes at a critical time. The company is committed to clarifying the regulations for the crypto industry in the US and worldwide. Warren’s wealth of experience can help with 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, empowers him for Ripple’s purposes.
In addition, Warren has over 20 years of regulatory experience. He has served two former US administrations. He first served as executive director of the National Economic Council under President Clinton’s administration. He returned for a stint as a member of the audit committee on the board of directors of President Obama’s Overseas Private Investment Corporation. Not only will the move help Ripple’s position with the SEC right now, XRP could also benefit from positive turnout going forward.
For Warren, joining Ripple is like being a part of making history. He said Ripple was currently at a “critical moment”:
I look forward to being part of Ripple’s efforts to push the needle on crypto regulation as the company further solidifies its position as a leader in global finance and the digital economy.
Ripple is fighting on all fronts for regulatory clarity
Ripple’s CEO Brad Garlinghouse has praised the new addition to the company’s board of directors. Garlinghouse noted that the move deepens Ripple’s policy outlook.
As we continue to scale globally, our policy bank is deepened 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 regulation globally. Aside from standing up to the US Securities and Exchange Commission (SEC) where others would have conceded, Ripple has also proposed a regulatory framework for the government to adopt.
Its experience-laden board of directors, including Rosie Rios, a former US treasurer, came up with the framework last November titled “A Real Approach to Cryptocurrency Regulation”. The document aims to provide a way out for making the most of the “dynamic possibilities of cryptocurrency and digital assets”.
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About the author
Olivia’s interests span the entire cryptocurrency and NFT and DeFi industry. She remains as fascinated with cryptocurrencies today as she was in 2017 when she first started reading about them. She is actively looking for the latest Crypto related stories. When she’s not writing, she tends to her pet Chihuahua or prepares vegan recipes. Reach me at [email protected]
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