New Ripple president says her job is to continue to scale amid crypto winter

Monica Long has been named the caller president of Ripple, moving up from the wide manager position. Long joined the institution successful 2013 arsenic manager of communications and expanded her relation past twelvemonth from wide manager of RippleX, the blockchain improvement broadside of the business, to wide manager of the institution arsenic a whole, adding RippleNet, the company’s fiscal network, to her purview.

The presidency of Ripple has been a somewhat nebulous presumption until now, with the rubric being ascribed to some co-founders Brad Garlinghouse and Chris Larsen astatine assorted times.

Long’s promotion comes astatine a bully infinitesimal for the company, Long told Cointelegraph:

“It’s a occupation of continuing to scale. […] We’ve weathered galore [crypto] winters, and with this one, we’re coming disconnected a grounds twelvemonth of concern and lawsuit growth.”

In this environment, “we’re continuing to turn our team,” she added.

Over fractional my nonrecreational vocation has been successful crypto – and much importantly, astatine @Ripple. I’m incredibly honored and acceptable to deed the crushed moving arsenic President. Thank you @bgarlinghouse and @chrislarsensf for the accidental of a lifetime! https://t.co/7gXZJZwLNN

— Monica Long (@MonicaLongSF) January 27, 2023

Long joined Ripple erstwhile the institution had lone 10 employees. She spearheaded the improvement of the company’s On-Demand Liquidity solution, described arsenic “Ripple’s flagship product,” which was launched successful 2018. Ripple added an adjacent work called LiquidityHub past year, and the institution volition proceed to grow that service, Long said. Over 60% of RippleNet’s outgo measurement was sent done ODL past year.

On the RippleX side, Long said an Automatic Market Maker specification volition spell up for a ballot by the validators this year.

Related: Inside the World Economic Forum: Circle, Ripple bespeak connected Davos 2023

Ripple is often successful the quality owed to its ongoing tribunal lawsuit with the United States Securities and Exchange Commission (SEC). The SEC has accused Ripple and co-founders Garlinghouse and Larsen of conducting an unregistered securities offering of $1.38 cardinal and selling XRP to retail investors arsenic an unregistered information with the motorboat of its XRP (XRP) coin.

Garlinghouse told CNBC connected Jan. 18 that the institution expects a decision on the lawsuit this year.