As per the official announcement dated October 22, 2019, Ripple has expanded its horizon and opened a dedicated office in the US capital Washington, D.C. The new office will help the leading blockchain payments tech firm boost its efforts for crypto and blockchain advocacy.
In the announcement blog post, Ripple has highlighted the fact that it has become the first big blockchain firm to have a devoted GR office in the US capital. The company also spilled the beans about expanding its team of global regulators as it is accelerating the efforts of educating the policymakers about the advantages of blockchain technology.
Per the blog post, Craig Phillips, who has previously served as the Counselor to the United States Treasury Department Secretary, has now joined the Ripple team as part of the board of directors. His presence would add depth to their policy leadership board, and as the firm undergoes expansion on a global level, he would advise on the strategic regulatory possibilities, according to Ripple.
Apart from Phillips, Ron Hammond and Susan Friedman are the latest entrants to Ripple’s regulatory team. Friedman has previously held the post of the Senior Advisor to the chairman of CFTC, Heath Tarbert, during his tenure as the Treasury’s Assistant Secretary, International Markets division. Hammond, on the other hand, has worked as the Legislative Assistant to Representative Warren Davidson, who spearheaded the Token Taxonomy Act drafting.
On this new development, Ripple said that it is vital to arm policymakers, in the USA and abroad, with the right industry knowledge as that would assist them in shaping conditions, which in turn, would lead to a thriving technological innovation. Continuing further, the firm was quoted as saying,
At Ripple, we look forward to continued conversations with policymakers and are building a team that brings a wealth of legislative and policy experience.
Alongside this announcement, Ripple also revealed that the Blockchain Association had included it as a member. The Blockchain Association plays a vital role in supporting the technology of blockchain. It is also dedicated to building strong partnerships between the policymakers and technology leaders.