Ripple Hires Token Taxonomy Act Legislative Lead, Ron Hammond

Cross border payment-focused crypto startup, Ripple has further strengthened its government relations today by adding a former legislative assistant for a U.S Congressman to their ranks.

Ron Hammond who formerly worked with crypto-friendly U.S lawmaker, Warren Davidson revealed Tuesday that he has joined Ripple as the company’s new Manager of Government Relations.

His role at the company will likely involve promoting legislative efforts that are beneficial to his new employees and also collaborating with public relations officers to organize campaigns that will earn Ripple the backing of government officials and the public.

Interestingly, Ripple’s latest hire is one that is already familiar with the regulatory difficulties facing crypto startups in the U.S, having worked with other crypto-friendly U.S lawmakers to create the Token Taxonomy Act (TTA)

The TTA as Coinfomania reported in the past is a proposed legislative framework seeking to clarify the status of the different types of cryptocurrencies that exist, and more importantly, exclude most tokens from U.S securities law.

Meanwhile, Hammond’s addition to Ripple’s legal rank was shortly followed by an announcement that the company has also brought in Susan Friedman who worked with the U.S Treasury. Susan Friedman is set to work as the company’s International Policy Counsel as the company looks to engage with regulators globally.

The two recruits also come just in time for the company’s two-year-long lawsuit with investors who claim that the company’s XRP token is unregistered security.

Last month, the legal battle took a new turn after the plaintiffs quoted sections of the SEC’s guidance on crypto tokens as evidence that XRP is a security, claims that the company has denied time and time again.

Never miss out on our daily crypto news, stories, tips, and price analysis.  Join us on Twitter | Telegram | Facebook or subscribe to our weekly Newsletter

Be the first to comment

Leave a Reply