Stuart Aldertoy, Joins Ripple As General Counsel After Leaving HSBC And CIT

Many in the cryptocurrency and traditional financial industry have started to recognize that Ripple is taking the lead in ushering in the fourth technological revolution. The company has been accepting prominent members in the space who share its vision. The most recent recruit is Stuart Aldertoy. Stuart Aldertoy is the former executive vice president of CIT and HSBC Bank. He has joined in as Ripple’s General Counsel.

Stuart Aldertoy Joins Ripple’s Team Of Innovators

Part of Aldertoy’s roles will be managing the global legal network of the company and overseeing the teams that handle legal services, policies and Bank Secrecy Act compliance. In his words:

“I am happy to join Ripple and work with the great team that has already been assembled by Brad. We will work together to explore new ways to build partnerships with leading policy makers and provide the best solutions for XRP users on a global scale.”

Aldertoy said that blockchain technology is rapidly changing the financial space and Ripple is taking the lead with its technology and approach to policy. During the announcement, Ripple’s CEO, Brad Garlinghouse said:

“As we keep working with regulators and financial institutions around the world to promote innovation and protect consumers, I can’t think of any one who is more qualified to lead our legal team than Stuart.”

He went on to say that Ripple needs Aldertoy’s expertise and experience for growth and development in the industry as a whole. This is no surprise as Aldertoy has more than 30 years of experience with both the banking and regulatory sectors. Before he left CIT, he was the executive vice president, general counsel, and he worked with corporate security. Aldertoy was in charge of corporate and legal governance as well as insurance risk management. Before he started working with CIT, Aldertoy was the general counsel and executive vice president HSBC North America.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.234
-0.74%

This isn’t the first time a prominent member from the traditional financial institutions is joining Ripple. Not too long ago, Ripple hired one of Google’s former executives as its president of products.

XRP (XRP Price Analysis)

Yesterday, smarttest.wpmudev.host reported that XRP was leading the bull run that gave the cryptocurrency industry momentum to gain against the USD. Unfortunately, XRP wasn’t able to hold the gains for a long time. The price fell against the USD as it risked losing more below $0.3050 this morning. There was a major support formed at $0.2905 and major resistance at $0.3120.

While the price was falling, it broke the resistance at $0.3200 as well as the 100 hourly SMA. The strongest resistance was at $0.0330. The price broke the 61.8% fib retracement level of the last rise from $0.2771 to $0.3338. The MACD is slowly entering into the bullish territory and the relative strength index is below level 50.

At the time of writing, XRP was trading at $0.308327. This shows that it is down by 0.03% against the USD and down by 0.46% against BTC. The trading volume is $608,498,960 and the market capitalization is $12,691,809,055. If it falls below the support at $0.3050, there might be another decline below $0.2900 short-term.

Do you think the price of XRP is going to trade in green before the end of today’s trading session?

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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