Ripple Expands Regulatory Team, Appoints New Director

Craig Phillips has joined Ripple’s Board of Directors to consult on regulation.

There have been a number of updates at Ripple this Tuesday. Namely, the company announced that it had expanded its global regulatory team, with a dedicated office in Washington D.C., and the company has joined the Blockchain Association.

Leading the expanded regulatory team is Michelle Bond. Bond takes on this role with a wealth of knowledge in the area, having served as the Global Head of Policy at Blockchain and Head of Global Regulatory Affairs and Public Policy at Bloomberg, as well as Senior Counsel at both the Securities and Exchange Commission and the U.S. Senate Banking Committee.

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Craig Phillips joins Ripple’s Board of Directors

As part of its expansion, Craig Phillips has been appointed to the company’s board of directors. In this role, he will provide counsel to the US-based technology company’s leadership team and advise on strategic regulatory opportunities as Ripple expands its global network.

Phillips joins Ripple with a lot of experience under his belt. Most recently, he served as Counselor to Secretary of the Treasury Steven Mnuchin. In this position, he oversaw regulatory framework development for the financial system under Executive Order 13772.

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Commenting on the appointment, Brad Garlinghouse, the CEO of Ripple said: “Craig’s appointment to the board further affirms our commitment to working with policymakers – bringing experience developing regulatory frameworks, enhancing cybersecurity and overseeing innovation and risk management in the financial system. 

“This is an exciting time for Ripple as the blockchain industry at-large faces increased attention from regulatory bodies around the world, and we couldn’t be more thrilled with Craig’s decision to help further our vision.”

During his career, which spans across more than three decades, Phillips has held leadership roles at Morgan Stanley and BlackRock, one of the world’s largest asset managers.

“I am pleased to join the Ripple board at this critical juncture in the company’s history as it uses blockchain technology to improve the speed, reliability and costs of cross-border payments between financial institutions,” added Phillips. 

“Participating alongside the distinguished group of current directors, senior advisors and the Ripple management team is a unique opportunity that allows me to leverage my interest in this important technology and innovation.”

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