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Since Rosie brings a massive experience with understanding the legalities of currency and financial ecosystem,it will immensely help Ripple in its legal battle with the SEC over the alleged status of XRP as securities.
In a major development on Tuesday, May 4, San Francisco-based blockchain startup Ripple announced that the 43rd treasurer of the US shall be joining its board. Rios served under the Obama administration between 2009 to 2016.
Interestingly, the decision comes just at a time when Ripple has been fighting the legal battle with the SEC. Of course, Rios’s expertise in administrative affairs will play a crucial role here. Rios holds an extensive 30-year career and experience in public policy investment management.