Ripple is facing legal troubles in the United States, but that hasn’t stopped it from hiring top talents to join the company. The blockchain firm has confirmed the appointment of Rosie Rios, who joins the company’s board of directors.
Rosie Rios joins Ripple
US-based blockchain firm Ripple has appointed former United States Treasurer, Rosie Rios to the company’s board of directors. She brings with her a wealth of experience from both the public and private sectors.
Ripple announced the appointment in a blog post earlier today. The company also hired Kristina Campbell, who will serve as the chief financial officer (CFO). “Today, Ripple is excited to announce two new appointments to its leadership team. Rosa “Rosie” Gumataotao Rios, 43rd Treasurer of the United States, joins the Ripple Board of Directors and Kristina Campbell joins as Chief Financial Officer,” Ripple wrote in its blog post.
Brad Garlinghouse, CEO of Ripple, said that the pair’s appointment comes at a crucial time for the company. He added that Rios’ experience in the public and private sectors would provide an invaluable perspective to Ripple. “As well, adding Kristina’s extensive knowledge and success building teams and processes at rapidly accelerating businesses was a no-brainer. We are extremely fortunate to have them on the team as we continue our rapid international growth and to champion for regulatory clarity in the United States.”
Rios brings a wealth of experience to the team, having served as the 43rd Treasurer of the United States under President Obama. Rios stated that she has dedicated her career to financial inclusion and empowerment. This has included introducing new and innovative solutions. “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. Cryptocurrency is the what. Ripple is the how,” she added.
Campbell will be in charge of Ripple’s financial strategy. Evidently, it covers accelerate growth and delivering value to the company’s shareholders.
Ripple still has an ongoing case with the US SEC
The company still has a case with the United States Securities and Exchange Commission (SEC). The SEC has claimed that Ripple issued and sold XRP tokens as securities without registering them with the regulatory body. However, Ripple notes that the XRP tokens are not securities. The case has led to several cryptocurrency exchanges delisting XRP from their trading platforms. This is making it tough for some traders and investors to gain access to it.