Ripple faces legal troubles in the United States, but that hasn’t stopped it from hiring 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 a former United States Treasurer, Rosie Rios. She joins the company’s board of directors, bringing a wealth of experience in both the public and private sectors.
Ripple announced the appointment in a blog post earlier today. The company also appointed Kristina Campbell, who would 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 the pair’s appointment comes at a crucial time. He stated that Rios’s 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, serving as the 43rd Treasurer of the United States under President Obama. Rios stated that she had dedicated her career to financial inclusion and empowerment, including 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, accelerate growth and deliver 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 claimed that Ripple issued and sold XRP tokens as securities without registering them with the regulatory body. However, Ripple claims that the XRP tokens are not securities. The case has led to several cryptocurrency exchanges delisting XRP from their trading platforms, making it challenging for some traders and investors to gain access to it.