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Ripple appoints a former U.S. treasurer to its board amid legal fight with the SEC


Ripple appoints a former U.S. treasurer to its board amid legal fight with the SEC
CNBC
7 hrs ago
Ryan Browne
Blockchain start-up Ripple said Tuesday that Rosie Rios, the 43rd treasurer of the U.S., would join its board of directors.
Ripple also hired Kristina Campbell, previously an executive at fintech firms Green Dot and PayNearMe, as its chief financial officer.
The SEC has charged Ripple and two of its executives with conducting an illegal securities offering.
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Rosie Rios, now former treasurer of the United States Department of the Treasury, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016. ....

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Ripple Appoints Former US Treasurer As Board Member Amid SEC Skirmish


Blockchain technology giant Ripple announced that it appointed Rosa Gumataotao Rios, the 43rd U.S. treasurer under former President Barack Obama, as a member of its board of directors.
What Happened: Ripple announced Tuesday that it appointed Rios to its board of directors and Kristina Campbell as the firm s chief finance officer.
CEO Brad Garlinghouse said that he expects Rios to be valuable to the firm thanks to her experience in the public and private sectors, which he said is particularly important as the industry works to define crypto’s future.
During her time as U.S. treasurer, Rios oversaw all currency and coin production activities with almost 4,000 employees and an annual budget of $5 billion. ....

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