Ripple Announces New President As XRP Lawsuit Conclusion Looms

Ripple Labs has announced a new president as the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the payments platform nears a conclusion. In a new company blog post, Ripple says that Monica Long, the firm’s senior vice president and general manager, will be promoted to president. As stated by Ripple CEO Brad Garlinghouse, “Even in the current challenging crypto environment, Monica has helped guide Ripple to a very unique place of growth and financial strength. She’s been an instrumental adviser to me over the years, and I’m grateful to have the opportunity to partner with her even more closely