Ripple, a prominent crypto firm, recently announced the appointment of Nielsen’s Chief Financial Officer, Warren Jenson, to its board of directors. In addition to his new position on the board, Jenson will also serve as Ripple’s chair of the audit committee, responsible for supervising the company’s auditing process. Ripple CEO Brad Garlinghouse believes that Jenson’s background will prove invaluable in their continued global leadership amidst unprecedented growth.
Jenson boasts prior experience on the board of directors for technology companies like DigitalOcean and Jobcase. His focus on transparency will be a key factor in his new role at Ripple. According to Jenson, companies in the cryptocurrency industry must prioritize transparency to revolutionize traditional financial infrastructure successfully. He looks forward to utilizing his experience to further Ripple’s commitment to upholding the highest standards.
The new CFO joins an esteemed lineup of board members at Ripple which includes former US Treasurer Rosie Rios, former JPMorgan Chase Chief Regulatory Affairs Officer Sandie O’Connor, and Managing Director of Albright Stonebridge Group Michael Warren.
However, Ripple has been facing legal challenges, embroiled in a long-standing dispute with the SEC since 2020. The agency claims that the company, along with Garlinghouse and co-founder Christian Larsen, raised $1.3 billion through the sale of XRP. The judgement in this case is still anticipated later this year.
In a recent development, a judge denied the SEC’s request to seal certain documents related to a 2018 speech by former director Bill Hinman. The speech, in which Hinman expressed personal opinions about the decentralization of digital assets, could potentially aid Ripple’s case.
The SEC had argued that the documents lacked relevance to the summary judgement motions, and their disclosure would be highly prejudicial against the agency. However, the judge disagreed.
With the addition of Warren Jenson as a board member and chair of the audit committee, Ripple aims to further emphasize transparency and maintain the highest standards in its operations. Despite ongoing legal hurdles, Ripple’s leadership hopes that Jenson’s experience and expertise will strengthen its position in the cryptocurrency market and contribute to the continued growth and success of the company. While the outcome of the legal battle remains uncertain, the appointment of Jenson showcases Ripple’s determination to uphold its integrity in the rapidly developing crypto industry.
Source: Cryptonews
