Ripple Labs Taps US Treasury Official for Advisory Board
Ripple Labs has added Michael Barr, a former US Treasury Department official, to its board of advisors. Barr previously served as Assistant Secretary for Financial Institutions under President Barack Obama and as a special Treasury advisor to former President Bill Clinton. Barr also worked in the State Department and the US Supreme Court. He is currently teaching at the University of Michigan Law School. Barr said in a statement: "Our global payments system is badly outdated. I think innovation in payments can help make the financial system safer, reduce cost and improve access and....
Related News
Ripple Labs has been adding more and more high-level officials to its strategic board, and its latest move was to appoint former Yahoo and AOL executive Brad Garlinghouse as its Chief Operating Officer. Garlinghouse became popular in 2006 when an internal Yahoo memo he penned was leaked was published. He also sits on the board of Ancestry.com and became the CEO of Hightail, a file-sharing firm. "There is already incredible momentum for Ripple as a new infrastructure for global payments, and the opportunity to define the actual framework for the Internet of Value is an order of magnitude....
Bitcoin firm Ripple Labs followed the footsteps of other cryptocurrency companies hiring former fed officials to join their group, as they recently welcomed former US State Department official Anja Manuel to their strategic advisory board. In her work at the US State Department, Manuel has been part of the negotiating team for the US-India civilian nuclear accord and contributed to developing US policy toward Afghanistan and Pakistan. At the moment, she also works with former Secretary of State Condoleezza Rice, former National Security Advisor Stephen Hadley, and former Secretary of....
Ripple Labs has named a former economic advisor to both former President Bill Clinton and current President Barack Obama to its board of directors. Gene Sperling served as director of the National Economic Council during the Clinton years. He was later made head of the economic advisory group under Obama after serving as an advisor to then-Treasury Secretary Timothy Geithner. He resigned from the directorship of the NEC in March of last year. In a statement, Sperling said that he looks forward to helping promote the Ripple network on a broader scale, noting: "I am excited to join Ripple....
HSBC is adding Chris Larsen, the former CEO of distributed ledger firm Ripple, to its newly minted technology advisory board. Larsen currently serves as the startup's executive chairman, having stepped down as Ripple CEO in November. At the time, he handed the reins to Brad Garlinghouse, a former executive for AOL. According to HSBC, Larsen and other advisory board members will offer "advice and guidance" on a range of issues, including potential applications of blockchain tech. Andy Maguire, HSBC’s group chief operating officer, said in a statement: "We have made....
Ripple Labs, the creators and developers of the Ripple network, have appointed Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (DTCC), as an adviser. The new addition to the advisory board comes amid the digital currency startup's efforts to push adoption of the Ripple payment network onto banks and financial institutions. DTCC is one of the largest clearing houses of securities and derivatives in the United States, processing $1.6 quadrillion worth of transactions last year. It is also one of the largest clearing houses in the world. "I'm very interested in the....