- Advertisement -
Ripple’s expansion plans come months after a partial victory in its ongoing legal battle with the US SEC.
In a strategic move aimed at addressing ongoing regulatory issues in the United States, WaveThe blockchain payments company is gearing up to significantly expand its workforce in international markets.
in one Interview With CNBC on September 13, Ripple CEO brad garlinghouse More than 80% of the company’s new hires for the year will be directed to countries where governments actively support the blockchain industry and offer clear regulatory guidelines, it said without disclosing actual locations.
The crypto payments company has chosen to focus its recruiting efforts on countries that offer more favorable regulatory environments for blockchain companies.
Ripple’s chosen locations to hire workforce revealed
Days after the disclosure, John Deaton, a prominent lawyer known for his pro-XRP stance, claimed to have insider knowledge of Ripple’s hiring plans.
Deaton took to Twitter Now
on mainnet and @bgarlinghouse Just said: “We’re recruiting in Dubai, we’re recruiting in London, we’re recruiting in Singapore…”
Now I ask: do you feel safe?
– John E. Deaton (@JohnDeaton1) 20 September 2023
This revelation has attracted attention and speculation from the crypto community.
Given the uncertainty surrounding Ripple’s regulatory status in its home country, many industry observers consider the move outside the United States a sensible strategy.
One of the people who responded to the post, a well-known crypto trader with the pseudonym KALEO, even humorously suggested The company’s decision to explore international markets is due to the low unemployment rate in the United States, making it challenging to find suitable American employees.
“Maybe because unemployment levels are so low in the US, they know it will be impossible to find a good American worker who needs a job!”
Ripple wins big victory against SEC
Ripple’s expansion plans come months after a partial victory in its ongoing legal battle with the United States Securities and Exchange Commission.seconds,
The Ripple vs. SEC case reached a turning point in mid-July when a court ruling set up the sale xrp Did not constitute an offer of investment contracts. This decision proved to be a turning point for the company, resulting in a substantial increase in the value of XRP.
Recall that the SEC previously claimed that XRP is a security and should be regulated under the country’s securities regulations. However, Judge Annalisa ruled that crypto assets have zero characteristics of securities.
Nevertheless, the SEC expressed dissatisfaction with the court’s decision and officially filed an appeal in early September.
There is a prevailing belief among members of the crypto community, including KALEO, that the regulator’s appeal could ultimately meet a stalemate, potentially paving the way for Ripple to score a significant victory. These people believe that such an outcome could send the value of XRP to the moon.
“I am long $XRP. The USD chart has found solid support after fully regaining pre-July SEC news levels, while the BTC pair is on the verge of an HTF breakout. “Considering the SEC’s track record this year in cases against crypto, I’m buying blood and betting that their negotiators’ appeals will be rejected and it will completely resubmit,” he said. Said,
Chimamanda is a crypto enthusiast and experienced writer who focuses on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed her interest in emerging economies. She combines her passion for blockchain technology with her love for travel and food, bringing a new and engaging perspective to her work.
Bitcoin Crypto Related Post