Ripple is strengthening its push to get regulatory clarity for ongoing Ripple Vs SEC case. The firm has announced the addition of Michael Warren, the managing director of Albright Stonebridge Group (ASG), to its board of directors.
Ripple tackles regulatory woes with new Board Member?
Ripple stated in a press release today that Warren’s addition to the board is at a critical time. The company is aiming to establish regulatory clarity for the crypto industry in the US and globally. Warren’s wealth of experience can help it do just 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 equips him for Ripple’s purposes.
Additionally, Warren has over 20 years of experience in regulatory matters. He has served two former US administrations. He first served as the executive director of the National Economic Council under the President Clinton administration. He returned for a stint as a member of the audit committee in President Obama’s board of directors of the Overseas Private Investment Corporation. The move will not only help Ripple’s position with the SEC at this time, XRP could also benefit from any positive turn out going forward.
For Warren, joining Ripple amounts to becoming a part of the making of history. Stating that Ripple was currently at a “pivotal moment,” he said:
