Ripple announces new president

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Updated January 30, 2023 | Published January 30, 2023

2 mins read

Crypto firm hires new president to pursue “growth and financial strength” after protracted US Securities and Exchange Commission lawsuit.

Crypto firm Ripple has announced Monica Long as president as its lawsuit with the US Securities and Exchange Commission (SEC) is expected to draw to a close.

The firm confirmed Long’s appointment in a blog, saying the former senior vice president and general manager was now the company’s new president.

Long began her career with Ripple in 2013. Over the years she has steadily grown in her position and in 2020 was given the role of general manager.

“Over half my professional career has been in crypto – and more importantly, at Ripple. I'm incredibly honored and ready to hit the ground running as president”, Long said in a statement.

Ripple CEO Brad Garlinghouse commented: “Even in the current challenging crypto environment, Monica has helped guide Ripple to a very unique place of growth and financial strength. She's been an instrumental adviser to me over the years, and I'm grateful to have the opportunity to partner with her even more closely as she embarks on her role as president.”

SEC sued Ripple Labs in December 2020 accusing the firm of wrongfully issuing its native token XRP as an unregistered security.

Although there is no definite date set, the lawsuit is expected to finalise later this year. “We expect a decision from the judge certainly in 2023. But you don't really have any control over when a judge makes their decisions. I'm optimistic that sometime in the coming single-digit number of months we will have closure”, said Garlinghouse.

 

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Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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