Amidst legal action from the Securities and Exchange Commission, Ripple, the major cryptocurrency exchange, has brought a new face from Amazon to lead its engineering team.
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According to a company press release, today, Tuesday, Ripple's CEO, Brad Garlinghouse, announced that former vice president of Amazon's delivery experience, Devraj Faradan, has joined Ripple As the new Senior Vice President of Engineering.
Varadan has 15 years experience at Amazon, having worked in software development for more than a decade before becoming vice president of Delivery Experience. He also spent two years developing enterprise and cloud software with Microsoft.
With Ripple, Varadan plans to focus on building sound systems of structural shapes aligned with clients and business needs.
Although the price of the Ripple cryptocurrency (XRP) returned to the $ 0.30 range last week after the big pullback in December, it has fallen below the support level Embarrassment again.
at the time of writing, the XRP token was trading for $ 0.28 after dropping 9% in the last 24 hours.
the volatility (XRP) is attributable to the charges brought by the US Securities and Exchange Commission against Ripple, co-founder Chris Larsen, and CEO Brad Garlinghouse in December.
the Securities and Exchange Commission is accusing Ripple of conducting an unregistered and ongoing offering of digital assets through sales (XRP), with allegations that have driven many cryptocurrency exchanges To delete or suspend the token trading.
The committee's case against Ripple will begin with a hypothetical pre-trial meeting on February 22nd.
