Ripple (XRP) Appoints Former Obama Senior Advisor To Company's Board Of Directors

Ripple appointed a former senior adviser during the Obama administration to the board of directors. (Ripple)

JAKARTA – Ripple reportedly appointed Michael Warren to the board of directors of the company. Warren was a former senior adviser to the White House during the administration of President Barack Obama.

Reporting from U.Today, Warren stated that he wants to "advance the needle" of crypto regulation with Ripple, referring to the ongoing feud between Ripple and the US Securities and Exchange Commission (SEC) which is seen as hampering the company's development.

Warren currently holds the position of managing director of global consulting firm Albright Stonebridge Group. He also briefly served as director of the National Economic Council during the Clinton administration.

CEO Brad Garlinghouse praised Warren's track record in his statement, claiming that his expertise would be an "invaluable resource" for the company.

Warren is expected to help Ripple expand its presence in global markets and drive adoption of the company's products as part of its growth strategy.

U.Today also reports that Ripple previously appointed JPMorgan's Sandie O'Connor to its board of directors in December 2020, which came just weeks before the company was slapped by the SEC's lawsuit. Regulatory hurdles, however, did not stop former US Treasurer Rosie Rios from joining the company's board in May 2021.

Ripple's board also includes former diplomat Anja Manuel, former Advisor to the Secretary to the US Treasury Craig Phillips, CEO of SBI Ripple Asia Masashi Okuyama, and economics professor Susan Athey.

Garlinghouse and Ripple co-founder Chris Larsen have been charged with illegal securities offerings by the SEC. The SEC's fair notice motion to dismiss the lawsuit was recently rejected by the court.

At the time of writing the price of XRP is trading at Rp11,333. Ripple has gained 3.3 percent in the last 24 hours according to Coingecko data.