The company appoints former Softbank director Lauren Belive as head of public policy, seeking to boost its position and its distributed ledger technology.
Ripple, a blockchain-based payments company, a distributed ledger and token, recently named Lauren Belive, former head of SoftBank, as its new head of public policy. In this role, Belive will be responsible for leading Ripple's global public policy and regulatory strategy. She will also work with policymakers and regulators around the world to promote the adoption of blockchain technology and digital payments.
Belive has over 20 years of experience in the technology and financial services industries. He has held senior positions at SoftBank, Lyft and Zoom. Belive's appointment comes as the company seeks to recover from its legal battle with the US Securities and Exchange Commission (SEC), which alleged that Ripple sold XRP, its cryptocurrency, as an unsecured security. registered.
This appointment is a sign that the company is taking public policy and regulatory compliance seriously. Belive's experience and knowledge will prove to be very valuable when navigating the complex regulatory landscape, and will also allow the company to reconstitute itself and recover lost ground.
Above all, taking into account that the company has a network of more than 300 financial institutions. All of them use the RippleNet platform to send and receive payments. As a whole, the network processes more than 10 billion dollars in transactions each month, enormous potential to grow and show its benefits to the world.
An important move by Ripple
Belive's appointment is an important move by Ripple for several reasons. First, it shows that the company is taking public policy and regulatory compliance seriously. Belive has a deep understanding of the regulatory landscape and will be able to help Ripple navigate this complex environment. Without a doubt, it is a crucial experience that will allow you to pass this situation without problems.
In addition to this, it makes it clear that Ripple is committed to bringing Ripple technology to the entire world. To do this, Ripple relies on Belive's solid track record of working with high-level companies, such as Zoom or Lyft. An experience that will promote the development of Ripple and its different products and services.
Ultimately, this appointment is a positive sign for the blockchain industry as a whole. It shows that the industry is attracting top talent from the traditional financial services industry. Belive's appointment also shows that the industry is committed to creating a positive environment around blockchain technology.
Implications in the crypto sector
Given the appointment, Belive commented on his LinkedIn account the following:
I'm thrilled to share that I've taken on a new challenge as Head of US Government and Public Policy at Ripple. In an age where technology meets finance, Ripple is at the forefront of revolutionizing the cross-border payments sector.
In this way, Belive emphasizes Ripple's commitment to addressing its legal challenges and shaping the future of the crypto industry. He also notes Ripple's intention to be a leading voice in developing crypto policies that will shape the future of the industry.
Added to this is the fact that the SEC seems to be going through a moment of institutional breakdown. This is something that John E. Deaton, an American lawyer who represents thousands of XRP investors in the lawsuit between Ripple and the SEC, makes clear. Deaton has criticized the agency for one of its latest measures, and commented on it:
Every time I start to think that the SEC can't do more to fail as an institution, it turns out I'm naïve.
These statements come in line with the outcome of the SEC vs. Ripple case, and more recently, the SEC's opposition to reorganizing Celsius Network's debt, so that clients who were victims of this event could recover, at least partially. , their losses.
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