Ripple hires former White House official to maintain better relationship with regulators
Ripple hired Lauren Belive to maintain Ripple’s position as a crypto leader in the US.
Ripple is a San Francisco headquartered fintech company, known for efficient cross-border payment services for multinational companies. Ripple Labs uses XRP coin for its payment services. This crypto token runs on the XRP Ledger (XRL), a Proof-of-Stake (PoS) consensus-based blockchain network.
On 26 Sep 2023, Lauren Belive, the former White House official, informed LinkedIn connections that she joined Ripple as the company’s head of US public policy and government.
Lauren said that her main role for Ripple is to lead in the engagement between the company and the US government. In short, the former Whitehouse official will help Ripple to evolve on behalf of America’s regulatory landscape and will help the company to conduct services in compliance with the new financial rules & laws.
“With regulatory landscapes evolving, it’s paramount that we advocate for policies that not only support the crypto industry but also the countless individuals and businesses that could benefit from these advancements,” Lauren said.
Ripple, US, & legal hurdles
Ripple’s majority of the business activities depends on the non-US countries but it still focuses on increasing business activities in the US jurisdiction despite its legal conflict with the country’s top financial regulator, the Securities and Exchange Commission (SEC).
In Dec 2020, the SEC body sued Ripple Labs & Ripple executives. The regulatory body claimed that the XRP coin was an unregistered securities asset and also that the company violated securities laws with its past XRP coin sale activities.
Just 2 months ago, the court judge ruled in favour of Ripple and with that court ruling Ripple won the case but the SEC body decided to appeal against the court ruling.
So far to the date, Ripple is facing huge legal hurdles in the US, thanks to the SEC’s crypto hater stance.