• Ripple Labs has announced the promotion of Monica Long to President.
• Long has been with Ripple for 7 years and served as Senior Vice President and General Manager.
• She is eager to start her new role and CEO Brad Garlinghouse is grateful for her service.
Ripple Announces New President
Ripple Labs recently announced the ascension of a new president in anticipation of the U.S Securities and Exchange Commission’s legal case against the cross-border payments platform. The company promoted Monica Long to president after seven years of service as Ripple’s senior vice president and general manager.
Monica Long’s Tenure at Ripple
Monica Long was initially brought on as communications director when Ripple only had ten employees in 2013. Since then, she has held various positions including general manager, blockchain developer for RippleX, and head of financial network RippleNet. In 2018, Long led the development of On-Demand Liquidity (ODL) which became a flagship product for RippleNet, responsible for more than 60% of payment volume last year.
CEO Comments on Appointment
Ripple CEO Brad Garlinghouse commented that even in a challenging crypto environment, Monica helped guide them to a place of growth and financial strength. He expressed gratitude for the opportunity to partner with her more closely as she embarks on her role as president.
Long Excited For New Role
Monica herself expressed eagerness to begin her position noting that over half her career has been spent at Ripple Labs in crypto-related roles. She thanked both Brad Garlinghouse and Chris Larsen for entrusting her with this opportunity of a lifetime.
SEC Case Against Ripple Nears End
The appointment comes just before the final judgment from SEC’s legal case against the company which began late last year accusing it of conducting an unregistered security offering related to its XRP token sales between 2013 and 2020..