Michael Warren, who has served in two presidential administrations, has joined Ripple’s board of directors
Blockchain firm Ripple has appointed Michael Warren, a former White House senior adviser during former US President Barack Obama’s first administration, to its board of directors.
In his statement, Warren says he wants to “move the needle” on crypto regulation with Ripple, referencing the company’s ongoing battle with the U.S. Securities and Exchange Commission that has stifled its growth in its own territory.
Warren currently serves as Managing Director of global consultancy Albright Stonebridge Group.
He also served as director of the National Economic Council during the Clinton administration.
CEO Brad Garlinghouse praised Warren’s track record in his statement, saying his expertise will be “an invaluable resource” to his business.
Warren is expected to help Ripple expand its presence in global markets and propel adoption of the company’s products as part of its growth strategy.
As reported by U.Today, Ripple named JPMorgan Sandie O’Connor to its board of directors in December 2020, which happened just weeks before the company was slapped by the SEC lawsuit.
However, regulatory hurdles haven’t stopped former US treasurer Rosie Rios from joining the company’s board in May 2021.
Ripple’s board also includes former diplomat Anja Manuel, former adviser to the secretary at the US Treasury Department Craig Phillips, SBI Ripple Asia CEO Masashi Okuyama, and economics professor Susan Athey.
Garlinghouse and co-founder Chris Larsen, the two remaining members, have been charged with conducting illegal securities offerings by the SEC. Their twin motions to dismiss the lawsuit were recently denied by the court.
