Ripple Announces New President As XRP Lawsuit Conclusion Looms
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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
The SEC-Ripple case is now coming to an end. Last week, Ripple CEO Brad Gralinghouse announced that the SEC would withdraw its objection, and yesterday Ripple withdrew its cross-objection. Ultimately, the SEC-Ripple lawsuit will result in Ripple paying $50 million. The SEC will keep $50 million, and Ripple will get…
Ripple Labs wants to end its lawsuit with the U.S. Securities and Exchange Commission (SEC) by September or October of 2022, according to a closely followed crypto legal expert. The SEC sued Ripple... [[ This is a content summary only. Visit my website for full links, other content, and more!…