Former JPMorgan executive becomes a new member in Ripple’s Board
The former chief regulatory affairs officer at banking giant JPMorgan Chase, Sandie O’Connor, is joining the board of directors of Ripple.

O’Connor has 31 years of working experience in JPMorgan, serving as chief regulatory affairs officer and treasurer for the bank before her retirement in 2019. Starting from July 2020, she has been a systemic resolution advisory committee member for the Federal Deposit Insurance Corporation (FDIC).

The CEO of Ripple, Brad Garlinghouse, believes that O’Connor’s experience would help the company to build a more inclusive financial system.

Brad Garlinghouse said that:

“The U.S. needs a single clear regulatory framework for crypto that levels the playing field and supports American innovation and companies.”

He further added that the joining of O’Connor in the Board may help Ripple to move toward this path.

According to a blog post by Ripple on 14th DEC 2020, O’Connor will provide advices on key government relations and regulatory initiatives as part of her role on the board.

On the other hand, Garlinghouse and Ripple’s co-founder, Chris Larsen, have both stated that the lack of regulatory clarity from the U.S. may drive the firm to move its headquarters from San Francisco to another country. Last month, Ripple opened a regional office in Dubai and a board member has proposed Japan may be the “most promising candidate” for the company’s new headquarters.

Source from: https://cointelegraph.com/news/former-jpmorgan-exec-joins-ripple-s-board
['Shze Jie Tan']
['Tokenizemalaysia', 'Regulation', 'Jpmorgan Chase', 'Ripple', 'Board Of Directors']