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Ripple Labs has announced a new president as the US Securities and Exchange Commission (SEC) lawsuit against its payments platform nears completion.
in a new company blog postRipple said the company’s senior vice president and general manager, Monica Long, will be promoted to president.
As Ripple CEO Brad Garlinghouse put it,
Even in the current challenging crypto environment, Monica has helped guide Ripple to a very unique place of growth and financial strength. I am grateful for the opportunity to work even more closely with her as she begins her role as president.”
Long started at Ripple in 2013 when the company had just 10 employees and was promoted to the position of General Manager in 2020. To tell She is eager to get things started as the company’s new president.
Over half of my professional career has been in cryptocurrencies and more importantly Ripple. I am incredibly honored and ready to run for president.
The SEC originally sued Ripple Labs under the allegation that XRP was issued as an unregistered security in December 2020 and is still being issued as an unregistered security today.
Earlier this month, the Girling House Said He said the chances of Ripple settling with the SEC are virtually “zero,” and the lawsuit could end this year.
Certainly we expect a decision from the judges in 2023. However, we cannot really control when the judges will make their decisions.
We are optimistic that it will be closed in the next single-digit months. “
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