Former U.S. treasurer Rosa Gumataotao Rios will be joining Ripple’s board of directors.
Ripple announced on Tuesday that Rios, who served under former president Obama as U.S. treasurer from 2009-2016, is its newest addition to its leadership team. The company also appointed Kristina Campbell as its new Chief Financial Officer.
Honored to be part of the Ripple Family. Let the future begin…
— Rosie Rios (@RosieRios) May 4, 2021
Commenting on Rios’ joining Ripple, Chief Executive Officer Brad Garlinghouse argued Rios’ experience in both the public and private sectors as well as her success in “rapidly accelerating businesses” to be key in the company’s decision to bring her in.
Blockchain and crypto will underpin our future global financial systems.
According to Rios “Ripple is one of the best examples of how to use cryptocurrency in a substantive and legitimate role to facilitate payments globally.”
“Blockchain and crypto will underpin our future global financial systems,” she continued.
Campbell, a former executive at fintech company GreenDot. was brought on board to “accelerate growth and deliver value to shareholders.” She said that her mission is to use crypto and blockchain technology to “make the global financial system accessible to all.”
Ripple Labs is currently involved in a fight in court with the US Securities and Exchange Commission (SEC) after was hit with a $1.3 billion lawsuit in December of 2020. According to the SEC, XRP tokens are considered a security.
The case has seen many developments, with Ripple celebrating numerous recent wins. Ripple’s CEO Brad Garlinghouse, has also previously stated that XRP will keep on trading even without Ripple Labs. There are also powerful rumors going around of the company is preparing to go public once the lawsuit is over.
Today, XRP is the fifth largest cryptocurrency by market capitalization after it was recently overtaken by meme based coin DOGE.
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