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 Continues Its Legal Struggles with US Authorities
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.
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