Ripple has extended its board of directors with Sandie O'Connor, a former JPMorgan's Chief Regulatory Affairs Officer.
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According to the company's press release, O'Connor will help Ripple with government relations and regulatory initiatives as the company is about to enter the next phase of growth. Prior to Ripple, O'Connor worked at JPMorgan for over 30 years, where she set the firm's regulatory strategy and developed engagement with G-20 regulators.
Ripple CEO, Brad Garlinghouse, says the US needs a clear regulatory framework for the cryptocurrency market that "levels the playing field and supports American innovation and companies."
"Sandie's experience and guidance will support us on our journey to building a more inclusive financial system," he added.
O'Connor joins Ripple after the company said it might leave the US in response to excessive regulation. Ripple's Executive Chairman Chris Larsen said in October that the company is "increasingly frustrated" over a hostile attitude to the crypto market from the federal government, including the Securities and Exchange Commission (SEC).
Ripple's executive pointed out that almost every other country has a more friendly regulation of the crypto industry than the US. Currently, Ripple considers relocating to the UK or Singapore.
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