Biden Nominates Former Ripple Adviser Barr as Prime US Fed Regulator

The official announcement did not point out Barr’s background with the monetary trade, which additionally included a stint at financial-technology platform Lending Membership. Barr was employed in 2015 on the board of Ripple Labs, when he stated that he thought “innovation in funds can assist make the monetary system safer, scale back price, and enhance entry and effectivity for customers and companies alike.”