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Ripple Appoints Former White House Official To Secure Position in ‘Conversation’

2 mins
Updated by Ciaran Lyons
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In Brief

  • Ripple Labs hires former US White House staff member, Lauren Belive, as Head of US Public Policy and Government.
  • Belive's role will focus on engaging with US government to ensure Ripple's voice is heard in regulatory landscapes.
  • Ripple's native token, XRP, stands at a price of $0.50 at the time of publication, amidst regulatory scrutiny.
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Ripple Labs has reportedly appointed a former United States White House Official as its new head of policy and government.

This comes amid Ripple executives criticizing the US government for its recent stance against crypto.

The Former White House Official Asserts Ripple’s Leadership Position

In a LinkedIn post dated September 26, Lauren Belive announced her new role as the head of US public policy and government at Ripple. She expressed her strong sense of optimism regarding Ripple’s future prospects.

Furthermore, Belive shared the belief that Ripple stands at the forefront of “revolutionizing the cross-border payments sector.”

Belive further explains her primary responsibility would involve actively engaging with the US government. This is to ensure that Ripple’s perspective is effectively communicated within the regulatory landscape.

“With regulatory landscapes evolving, it’s paramount that we advocate for policies that not only support the crypto industry but also the countless individuals and businesses that could benefit from these advancements.”

At the time of publication, XRP, Ripple’s native token, stands at a price of $0.50.

Ripple Native Token, XRP Price Chart 1 Month. Source: BeInCrypto
XRP Price Chart 1 Month. Source: BeInCrypto

This follows Ripple’s co-founder Chris Larsen criticizing US President Joe Biden for his stance against crypto.

On September 7, Larsen stated during an interview that the stringent and unnecessary rules imposed by Biden are hindering blockchain innovation as a whole within the nation.

Biden recently introduced more stringent regulations regarding crypto tax reporting for brokers. These proposed regulations seek to subject crypto assets to the same standards as traditional assets.

Additionally, he has put forth regulations targeting crypto miners, suggesting a 30% tax on crypto mining activities due to their environmental impact.

Meanwhile, Ripple remains entangled in legal disputes with the US Securities and Exchange Commission (SEC) after securing a partial victory on July 13. However, the judge’s ruling that XRP was not considered a security for retail sales prompted the SEC to quickly file an appeal.

On August 17, the judge granted the SEC’s request to proceed with an interlocutory appeal in the Ripple case. The court date will likely occur during the second quarter of 2024.

Top crypto platforms in the US | February 2024

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Ciaran Lyons
Ciaran is a cryptocurrency journalist based in Sydney, Australia. He particularly enjoys writing about CBDC developments and the practical implementations of cryptocurrency in real-world scenarios. He has also appeared across major television networks in Australia including Channel Ten, Channel Nine and SBS TV. Prior to his foray into cryptocurrency, Ciaran worked as a presenter on national radio station Triple J.
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