Michael Warren has been instrumental in helping businesses overcome regulatory challenging and is likely to play an active role by being on Ripple’s board.
On Wednesday, March 16, blockchain startup Ripple had a special member joining its board of directors. Michael Warren, an ex-senior advisor in the White House during the Obama administration has decided to join Ripple.
Former Advisor to Obama Administration Now at Ripple
Ripple has been keen on getting lawmakers aboard as they can help the company fight its case with the SEC. Furthermore, they can also help them set up a strong case for building favorable crypto regulations. as Ripple continues to expand its presence in global markets, it has been seeking more regulatory clarity in the US.
Warren said that working with Ripple, he wants to “move the needle” ahead for crypto regulations. Upon his joining, Warren said:
“I’m excited to join Ripple at such a pivotal moment in history, both for the company as well as crypto at large. I have long admired the tenacity shown by Ripple and its management team, using regulatory setbacks in the US as an opportunity to pioneer crypto regulation for the benefit of industry innovation and establish an equal playing field for all. I look forward to being a part of Ripple’s efforts to move the needle forward on crypto regulation while the company further solidifies its position as a leader in global finance and the digital economy.”
Helping Business Overcome Regulatory Challenges
Michael Warren has been in the advising and consulting role helping stakeholders to navigate through the regulatory landscape. Thus, Warren will also help Ripple overcome the regulatory challenges in the US. Furthermore, he will look after expanding Ripple’s presence in the global market by pushing the adoption of the company’s products and services. Welcoming Michael Warren aboard, Ripple CEO Brad Garlinghouse said:
“Michael possesses deep experience and an impressive track record counseling public and private sector leaders at the highest levels during critical moments of scale. At a time when Ripple looks toward its next phase following a record year of success in 2021, Michael’s unique expertise will be an invaluable resource guiding our next steps for accelerated company growth and broader adoption of Ripple’s offerings from customers around the world.”
Blockchain startup Ripple has been engaged in a key regulatory battle with the SEC over the last year. The US SEC has accused Ripple of conducting an illegal sale of its XRP tokens back in 2013 by breaching the securities laws. Ripple has been strongly defending its position claiming no wrongdoing.
The Ripple vs SEC case will likely reach its conclusion by the first half of 2022.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
