Yesterday, Ripple appointed former JP Morgan (JPM) Chief Regulatory Affairs Officer, Sandie O’Connor, to its board of directors. There’s the ongoing question of whether XRP is a security. Combined with Ripple’s recent threat to move its U.S. headquarters overseas due to the lack of regulatory clarity, O’Connor will provide Ripple counsel on regulatory and governmental matters.
Working for JPM for over 30 years, O’Connor has been celebrated multiple times as one of the Most Powerful Women in Banking and Finance in American Banker’s top 25 lists. In her most recent role, she established JPM’s regulatory strategy, engaged with G-20 regulators, and served multiple governance committees. She currently serves as a Systemic Resolution Advisory Committee Member of the Federal Deposits Insurance Corporation (FDIC) and is on a Financial Stability Task Force.
“Her extensive network and in-depth understanding of markets, capital flows and banking will provide valuable and unique insights as new policies and regulations take shape across the U.S.,” said Ripple’s CEO Brad Garlinghouse. “The U.S. needs a single clear regulatory framework for crypto that levels the playing field and supports American innovation and companies.”
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