Ripple Adds Rosie Rios To Board Of Directors: Report

Ripple adds Rosie Rios to the board of directors and she is known as the 43^rd treasurer of the United States that served under the Obama administration from 2009 to 2016 as we can see in our latest Ripple news today.

Ripple adds Rosie Rios to its board of directors due to her 30-year career which focused on economic development, urban revitalization, and real estate finance as per the announcement. Rios described Ripple as one of the “examples of how to use crypto in a substantive and legitimate role to facilitate payments globally.” She added:

“Cryptocurrency is what. Ripple is the how.”

Ripple also announced Kristina Campbel as the new chief financial officer. Campbell worked as the CFO at the billing and payments platform PayNearMe and also worked at GreenDot, the well-known Californian fintech company.

As reported recently, After a series of mini victories, Ripple encountered a roadblock in the efforts to try and beat the SEC. Ripple’s defense team considered this critical to the case by simply establishing how the SEC determines the securities classification. Despite the pushback by the SEC, Judge Netburn ruled to authorize the discovery on such documents but excluded SEC-to-SEC communications. Both sides took this as a victory but did the pendulum swing back in favor of the SEC Again? Judge Netburn added:

“I am going to grant, in large part, the defendant’s motion, I think that the discovery related to Bitcoin and Ether is relevant. Going to authorize discovery both as to exclusively Bitcoin or Ether communications as well as XRP communications between the SEC and third parties, and by that I am including all market participants and the other government agencies. I am not including SEC-to-SEC internal communications in that ruling.”

Payments company Ripple could go public soon after the ongoing case with the US Securities and Exchange Commission is settled. In December 2020, Ripple was charged with the unlawful sale of the $1.3 billion worth of unregistered securities which is still going on today. However, it seems that the startup is quite positive that both parties will reach a settlement.

According to Japanese Financial Services from SBI Holdings which holds a stake in Ripple said that Ripple is considering going public when all the things with the SEC are done. CEO Yoshitaka Kitao who also has a seat in Ripple’s board of directors said on the earnings presentation that the IPO will pay off SBI Group’s investment.