The ex-chief regulatory affairs officer for JPMorgan Chase, Sandie O’Connor is joining Ripple’s board of directors, the firm declared on Tuesday.
O’Connor will provide directions on government relations and regulatory improvements for the firm’s coming phase as Ripple expands and seeks regulatory initiatives in the U.S, it stated.
The declaration appears as San Francisco-based Ripple is clearly contemplating relocating its headquarters to another nation, stating the lack of clarity, especially in the area of the legal status of XRP, the cryptographic money it owns large amounts of and has a great share in developing.
Whatever choice the firm at last makes, O’Connor brings impressive administrative and danger the executives hacks. During her time at JPMorgan, she served on numerous firm-wide administration panels including the ones regulating danger and capital. She joined JPMorgan in 1988, and during her more than three-long term vocation additionally drove commitment with G-20 controllers and policymakers for the bank, Ripple stated. As per her LinkedIn account, she resigned from the foundation in April 2019. O’Connor actually sits on warning panels of the Federal Deposit Insurance Corp. and, the Office of Financial Research, a free agency made inside the Treasury Department to screen fundamental dangers after the 2008 worldwide monetary emergency.
Supposedly a nearby partner of the Trump family, Kurson likewise established a crypto and blockchain news site called Modern Consensus. Ripple didn’t quickly react to a request for input.
When a top lieutenant to JPMorgan CEO Jamie Dimon, O’Connor additionally showed up routinely on American Banker magazine’s yearly positioning of the most influential ladies in banking.
On Ripple’s board, she will serve close by previous New York controller Ben Lawsky, the modeler of the state’s BitLicense guidelines, previous ambassador Anja Manuel, and monetary administrations industry veterans Craig Philips and Yoshitaka Kitao, among others.
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