Posted 9/13/2023, 10:20:00 AM

Ripple Plans Majority of 2022 Hires Outside U.S. Amid Ongoing Legal Battle with SEC

Ripple will do 80% of its hiring in 2022 outside the U.S. where there is more regulatory clarity, per CEO Brad Garlinghouse.
Key markets for hiring are Singapore, Hong Kong, the U.K. and Dubai where governments partner with crypto industry.
Ripple battling with SEC in court over whether XRP is a security or not.
Ripple scored a partial win when judge ruled XRP sales on exchanges not investment contracts.
SEC has filed lawsuits against Coinbase, Binance and other crypto firms this year.

coindesk.com

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9/13/2023

Ripple CEO: U.S. Worst for Crypto Due to SEC Lawsuits, Recommends Singapore and Europe for Friendlier Policies

Ripple CEO Brad Garlinghouse believes that the United States is currently the worst place to launch a cryptocurrency startup, pointing to countries like Singapore, the UK, the UAE, and Switzerland as examples of jurisdictions with more favorable crypto policies. He also criticizes the SEC for its lawsuits against the industry and suggests that recent court wins for Ripple and Grayscale may indicate a shift in the court's perspective. Despite the US being a big market for Ripple, Garlinghouse says the company is expanding services to countries that better understand the potential benefits of blockchain technology.