Ripple is bringing the chief financial officer of market researcher Nielsen to its board of directors, the cryptocurrency firm announced on Friday.
Warren Jensen was inducted on the board and was also appointed as the chairman of Ripple’s audit committee, which oversees the auditing process of Ripple’s operations. Press release,
“Ripple is in the midst of unprecedented scale, and Warren’s background will be invaluable as Ripple continues to be a responsible global leader in the space,” said Ripple CEO Brad Garlinghouse.
Jensen is also on the board of directors of software company DigitalOcean and technology and artificial intelligence company Jobcase.
“In order for cryptocurrency to successfully deliver on its potential to revolutionize traditional financial infrastructure, companies in the space must prioritize transparency. I look forward to bringing my experience to the company and Ripple’s commitment to maintaining the highest standards.” Excited to share,” Jensen said.
Jensen will be joined by former US Treasurer Rosie Rios, former JPMorgan Chase chief regulatory affairs officer Sandy O’Connor and Albright Stonebridge Group Managing Director Michael Warren – who are already on Ripple’s board.
in the thick of it
Ripple has been embroiled in a long-standing dispute with the SEC since 2020, when the agency accused the company as well as Garlinghouse and co-founder Christian Larsen of raising $1.3 billion through the sale of XRP.
A decision is still expected this year.
A judge ruled earlier this week that the SEC cannot seal some documents In regards to a 2018 speech by former agency director Bill Hinman.
In a now infamous speech, former SEC director of corporate finance Bill Hinman expressed his own views and not the SEC’s, saying that if a digital asset were “decentralized enough” they could no longer be a security – which could be beneficial to Ripple. in the matter of.
According to the filing, the SEC had argued that the documents should be sealed because of the “apparent lack of relevance of these documents to the summary judgment motion” and because their disclosure “would be highly prejudicial to the SEC.”
“The court disagrees,” the judge said.