Amid XRP lawsuit, Ripple appoints former US Treasurer to its board, and names new CFO

With developments occurring on a daily basis in the XRP lawsuit that the SEC has filed against Ripple, the company has appointed a new CFO and included a former US Treasurer to its Board of Directors.

In an official statement, on the Ripple website, the announcement stated that Rosa “Rosie” Gumataotao Rios, 43rd Treasurer of the United States, “joins the Ripple Board of Directors and Kristina Campbell joins as Chief Financial Officer. “

Brad Garlinghouse, CEO, Ripple stated:

“These two exceptional leaders join Ripple at a pivotal time for the company…Rosie’s experience in the public and private sectors provides an invaluable perspective to Ripple, especially during this time as the industry works to define crypto’s future. 

On the appointment of a new CFO, he added:

“Adding Kristina’s extensive knowledge and success building teams and processes at rapidly accelerating businesses was a no-brainer. We are extremely fortunate to have them on the team as we continue our rapid international growth and to champion for regulatory clarity in the U.S.”

On her new role, Rios stated that

“I’ve dedicated my career to financial inclusion and empowerment, which requires bringing new and innovative solutions to staid processes. Ripple is one of the best examples of how to use cryptocurrency in a substantive and legitimate role to facilitate payments globally…Blockchain and crypto will underpin our future global financial systems. Cryptocurrency is the what. Ripple is the how.”

As the 43rd Treasurer of the USA, she oversaw all currency and coin production activities. On the other hand, Kristina Campbell was the former of PayNearMe and held several roles at GreenDot.

On her role as CFO, Campbell added:

“Ripple is uniquely positioned to improve global payments in ways that have yet to be defined and I’m excited to be a part of that solution.”