XRP soared to $1.75 on the news
Cryptocurrency XRP surged to three-week highs near $1.75 on Thursday amid an ongoing altcoin rally.
In addition, it became known that a former high-ranking official of the US government was appointed to the board of directors of Ripple.
Former US Treasurer Rosa Rios has joined Ripple's board of directors. The company also appointed a new financial director (CFO) — the former head of PlayNearMe and Green Dot Christina Campbell.
Rios has 30 years of experience in public policy and investment management. In 2009-2016, she served as the Chief Treasurer of the United States under the presidency of Barack Obama.
"Ripple is one of the best examples of how to legally use cryptocurrency to significantly facilitate payments around the world," Rios said.
Campbell previously worked as the CFO of the payment company PayNearMe and held several positions at the California-based fintech company GreenDot.
At Ripple (XRP), Campbell will focus on the company's financial strategy, try to accelerate its growth and add value to shareholders.
Recall, Ripple's trial with the US Securities and Exchange Commission (SEC) continues. On May 4, the SEC filed a motion against the participation of XRP token holders in the proceedings with Ripple.
According to the regulator, the intervention of a third party will delay the trial and require additional resources. Earlier, foreign regulators refused to help the SEC in the case against Ripple.
From other news. The Phemex crypto exchange re-launches the XRP token. This re-listing may be the first of many, as marketplaces gain more confidence that Ripple can win in court against the SEC.