Ripple Announces New President As SEC Lawsuit Nears A Conclusion

Key Points: According to a company blog post, Monica Long will be promoted from senior vice president to general manager.
Long joined Ripple as a worker in 2013. The company had just 10 employees in 2013. Long was promoted to general manager in 2020. She’s excited to start her new role as president.
According to a blog post by Ripple Labs, Ripple Labs will soon have a new president as the Securities and Exchange Commission (SEC) case against the payment network is nearing its conclusion.
Monica was a force to reckon with from the moment she met me at Ripple eight years ago. Her deep crypto knowledge combined with her creativity, determination, and ability to think outside the box have made her one the most respected leaders in the industry, and Ripple.
Ripple CEO Brad Garlinghouse said that Monica has helped Ripple achieve a unique position of growth, financial health, and stability, even in today’s volatile crypto landscape. She has been a valuable advisor to me over the years and I’m excited for her to take on the role of President. Long, who joined Ripple in 2013, when it had only 10 employees, was promoted to general manager in 2020. She says she’s excited about the opportunity to start as the company’s next president.
My professional career has been over half in crypto and Ripple. I am honored to be elected president.
In December 2020, Ripple Labs was sued by the SEC. They claimed that XRP was issued unregistered as a security and that Ripple could settle with the SEC this year.
We can expect a decision from the judge in 2023. However, you have no control over the time a judge makes their decision. I am optimistic that we will be able to close the case in the next few months.
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