A tweet on September 3 from Rom Hammond has confirmed that he has been onboard of Ripple. Ron will take charge as the Manager for Government relations.
Ron has acknowledged his enthusiasm towards his new role in Ripple. He has confirmed that he will work closely with his new team to bring forth many reforms including the ongoing XRP issue.
Achievements of Ron Hammond
Ron William Hammond is a well-known legislator. He has provided consultation services to the US government regarding the digital currencies.
He has a substantial experience towards crafting Token Taxonomy Act, Market data protection act, Common sense opportunities Act, Data Process restoration Act any many more.
He has had shaped Digital Assets, Financial Services, and many other such policies with his legislative acumen. Owing to his previous involvements, he has robust connections within the political and business sphere.
Ripple outcry
Company has been entangled in a legal battle with the XRP investors about its XRP policy since last year. A recent discontent has been witnessed amongst the Ripple community over the dumping of the XRP currency.
There is a growing buzz among the investors that Ripple is excluding the XRP price. Because of this ambiguity, XRP is not in a good position comparing to other cryptocurrencies.
At this juncture, Whale Alert reported on 1st September that the company has moved XRP worth billions of dollars from the escrow wallet recently. This has raised the attention of the Ripple community and the crypto market observers.
Appointment of Ron – To Reshape the Policies and Build Trust
The appointment of Ron has been welcomed by the Ripple community and has raised their expectations towards the company. Ron readily has expressed his desire to work on XRP issue and want to build trust among its investors.
He will also be actively involved in structuring new expansion plans for the firm. Ron will also be advocating the stance of the Ripple that XRP should not be considered as a security token.
Ripple has a strong network with 50 nations around the globe. Ron is supposed to work in sync with the investors and rest of the crypto community. The company is hopeful that his influential contacts will benefit them to surge ahead in the market.
Observers are considering Ron’s recruitment as a successful step towards development plans of the company.
