Ripple Labs has recently hired a former White House official as its new head of policy and government. This decision comes at a time when Ripple executives have been criticizing the US government for its unfavorable position on cryptocurrency. In a LinkedIn post, Lauren Belive announced her new role as the head of US public policy and government at Ripple, expressing her optimism for the future of the company. She believes that Ripple is leading the way in revolutionizing the cross-border payments sector. Belive’s main responsibility will be to actively engage with the US government and ensure that Ripple’s perspective is effectively communicated within the regulatory landscape.
In other news, Ripple co-founder Chris Larsen has publicly criticized US President Joe Biden for his stance against crypto. Larsen believes that the stringent and unnecessary rules imposed by Biden are hindering blockchain innovation in the nation. Biden recently introduced stricter regulations regarding crypto tax reporting for brokers and proposed regulations targeting crypto miners. Meanwhile, Ripple continues to be involved in legal disputes with the US Securities and Exchange Commission (SEC) following a partial victory in July. The SEC quickly filed an appeal after the judge ruled that XRP was not considered a security for retail sales. The court date for the appeal is expected to occur in the second quarter of 2024.
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