With his political and legislative experience, Hammond assumes the task of establishing educational channels for the debate on the usefulness of Blockchain technology in the financial sector, promoting innovation within a large number of fields.
The blockchain payment solutions developer, Ripple, announced the incorporation of a former political advisor whose main task will be to prepare the way with US lawmakers.
The new government relations manager will be Ron Hammond, who previously worked as a legislative assistant for the Republican Party representative, Warren Davidson. At that time he participated in the elaboration of the “Law for the taxonomy of tokens”, which aimed to establish rules on the definition and use of digital currencies in the US.
The information was published by Hammond through his Twitter account, where he indicated that he will occupy this new position and will make available to Ripple all his experience in the legislative field.
The proposal promoted by Davidson and his companions before the Senate was aimed at exempting certain cryptocurrencies from applying as valid under federal securities laws.
Regarding the entry of Hammond, Ripple’s international director of government relations, Michelle Bond, wrote through her LinkedIn account:
“I am delighted to announce Ron William Hammond as the new Ripple government relations manager! Ron will bring his great legislative and political experience, so we are very excited to have him while we continue to work closely with legislators, regulators, and partners around the world.”
Ripple and the law
Although Ripple enjoys popularity thanks to the development of applications for banking and financial ecosystems, the company had certain inconveniences in the face of complaints about the alleged sale of unregistered securities for its XRP token, which is mainly used by its Blockchain solutions.
Hammond assumes the responsibility of helping Ripple in the task of better educating legislators and regulators, rescuing the potential of the underlying technology of digital currencies to favor innovation within different ecosystems.