Michael Warren joins Ripple to "move the needle forward"
As per a recent turn of events announced by the official blog of Ripple, Michael Warren has joined the payments firm to "move the needle forward" for the firm and bring a change in the terms of cryptocurrency regulation as the battle between the payments firm and Securities and Exchange Commissions continues.
Michael Warren joins the Board of Directors at Ripple
Michael Warren is notably known for his role as an ex-senior adviser in the White House during the first administration of former U.S. President Barack Obama and he is also the Managing Director of Albright Stonebridge Group, part of Dentons Global Advisors where he is responsible for navigating firms and businesses through regulatory landscapes. The official blog from Ripple also added:He joins Ripple with over 20 years of experience advising clients on international growth strategies, stakeholder management issues, and economic and geopolitical issues affecting global markets.In his statement, Warren said that he has "long admired the tenacity shown by Ripple and its management team, using regulatory setbacks in the U.S. as an opportunity to pioneer crypto regulation for the benefit of industry innovation and establish an equal playing field for all." His addition to the team might prove beneficial for the firm in the long term.
$794 Million of Tokens for Developers
As per another report, Ripple is set out to give out nearly 1 billion of its XRP tokens in order to help project developers "to create projects based on its payments-oriented distributed ledger." The representatives from the payments solution talked to The Information and said that the funds will be dispensed in the next 10 to 20 years.It is important to note that the firm is making significant strides this year and it seems that the Ripple versus SEC case might reach a positive conclusion this year by November 2022, as Cryptonary reported.
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