Former White House Official Lauren Belive Joins Ripple Amid Regulatory Struggles
Summary:
Former White House official, Lauren Belive, has joined cryptocurrency company Ripple as its head of U.S. public policy and government. This appointment comes amidst Ripple's ongoing legal case with the U.S. Securities and Exchange Commission over its XRP token. Belive emphasizes the importance of supportive policies for the growth of the crypto industry and its potential beneficiaries. Meanwhile, U.S. lawmakers strive for clearer regulations within the crypto industry, with potential delays on related bills due to disagreements over government spending.
Ex-White House official, Lauren Belive, has taken up a new role as the head of U.S. public policy and government at cryptocurrency company, Ripple, according to a LinkedIn post on September 26. Belive will be a leading representative for Ripple in Washington D.C. and throughout the country, after fulfilling similar roles at Softbank Group, Zoom, and Lyft subsequent to her political career. Belive expressed the importance of endorsing policies that not only back the growth of the crypto industry but also benefit many individuals and businesses who can profit from these progressions. This information came to light by Lauren Belive on September 26.
Ripple's recruitment of Belive comes during its ongoing legal tussle with the U.S. Securities and Exchange Commission (SEC) over its XRP token. While the litigation is yet to reach its conclusion, a ruling made in July deemed that the XRP token is predominantly not a security, causing a significant stir in the cryptocurrency sphere.
Meanwhile, large crypto companies in the U.S. seem to be intensifying their lobbying activities amongst lawmakers who are trying to gain clearer regulation within the industry. Coinbase’s 'Stand with Crypto' campaign is calling on its users to support crypto-enthusiastic candidates in state and federal elections. At the moment, U.S. legislators are divided over spending bills aimed at preventing a government shutdown post-September 30. If a consensus is not reached by Congress members within this week, several bills related to crypto on the House of Representatives docket could be deferred.
Published At
9/26/2023 7:03:02 PM
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