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CEO Brad Garlinghouse said OāConnorās experience would help Ripple build āa more inclusive financial system.ā
Sandie OāConnor, the former chief regulatory affairs officer at banking giant JPMorgan Chase, is joining Rippleās board of directors.
According to a Ripple blog post published yesterday, OāConnor will āprovide counsel on key government relations and regulatory initiativesā as part of her role on the board. OāConnor worked at JPMorgan for 31 years, serving as chief regulatory affairs officer and treasurer for the bank before retiring in 2019. She has been a systemic resolution advisory committee member for the Federal Deposit Insurance Corporation, or FDIC, since July.
CEO Brad Garlinghouse said OāConnorās āextensive network and in-depth understanding of markets, capital flows and bankingā would help Ripple build āa more inclusive financial system.ā
āThe U.S. needs a single clear regulatory framework for crypto that levels the playing field and supports American innovation and companies,ā said Garlinghouse, stating the addition of OāConnor may help the firm toward this path.
Thrilled to have Sandie join our Board - with her years of expertise in regulatory affairs, treasury and financial services, sheāll be invaluable in helping guide Ripple through our next phase of growth. https://t.co/748JJADw0v
ā Brad Garlinghouse (@bgarlinghouse) December 15, 2020
Garlinghouse and Ripple's co-founder Chris Larsen have both previously stated the lack of regulatory clarity from the United States may drive the firm to move its headquarters from San Francisco to another country. Ripple opened a regional office in Dubai last month and a board member has stated Japan may be the āmost promising candidateā for the companyās new headquarters.
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