Ripple Labs Appoints Former White House Official as Head of Policy and Government
Ripple Labs has hired Lauren Belive, a former United States White House Official, as its new head of policy and government. This move comes as Ripple executives have been criticizing the US government for its recent stance against cryptocurrencies.
The Former White House Official Asserts Ripple’s Leadership Position
In a LinkedIn post on September 26, Lauren Belive announced her new role at Ripple. She expressed optimism about Ripple’s future prospects and its potential to revolutionize the cross-border payments sector.
Belive also emphasized her responsibility to actively engage with the US government and ensure that Ripple’s perspective is effectively communicated within the regulatory landscape. She believes it is crucial to advocate for policies that support the crypto industry and benefit individuals and businesses.
Ripple Continues Its Legal Struggles with US Authorities
Ripple’s co-founder Chris Larsen has criticized US President Joe Biden for his stance against crypto. Larsen believes that Biden’s strict rules are hindering blockchain innovation in the nation.
Biden recently introduced more stringent regulations for crypto tax reporting and proposed regulations targeting crypto miners. Meanwhile, Ripple is still involved in legal disputes with the US Securities and Exchange Commission (SEC) after a partial victory on July 13.
The SEC quickly filed an appeal after the judge ruled that XRP was not considered a security for retail sales. The court date for the interlocutory appeal is expected to take place in the second quarter of 2024.
Hot Take: Ripple’s Efforts to Shape Crypto Regulation
Ripple’s appointment of a former White House Official as head of policy and government demonstrates their commitment to shaping crypto regulation in their favor. By actively engaging with the US government, Ripple aims to ensure that its perspective is heard and considered in the evolving regulatory landscape.
With ongoing legal struggles and criticism of the US government’s stance on crypto, Ripple remains determined to advocate for policies that support the crypto industry and benefit individuals and businesses. As Ripple continues its fight with the SEC, the outcome of their legal battle will have significant implications for the broader crypto market.
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