{"id":551177,"date":"2023-09-13T19:00:39","date_gmt":"2023-09-13T19:00:39","guid":{"rendered":"https:\/\/wncen.com\/?p=551177"},"modified":"2024-06-11T08:13:08","modified_gmt":"2024-06-11T08:13:08","slug":"us-sec-lawsuit-ripple","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/us-sec-lawsuit-ripple\/","title":{"rendered":"This Latest Move Suggests SEC Lawsuit Against Ripple Is Pushing The Crypto Firm Outside The US"},"content":{"rendered":"

Ripple may be in the process of leaving the United States market for good as the prominent crypto firm has stated that it will be acquiring the majority of its employee candidates from countries outside the US.\u00a0<\/span><\/p>\n

Ripple Will Recruit A Workforce Overseas<\/h2>\n

US-based cryptocurrency solutions provider, Ripple has enacted plans to conduct its hiring processes outside US borders. The cryptocurrency firm has stated that over 80% of its workforce will be recruited from countries outside the US that encourage crypto adoption and innovation.<\/span><\/p>\n

Related Reading: SEC Boss Gary Gensler Completes Senate Hearing: Here\u2019s What Crypto Investors Should Know<\/a><\/div>\n

The decision to hire the majority of its workforce internationally can be seen as a strategic move to counteract the effects brought about by the regulatory changes enacted by the United States Securities and Exchange Commission (SEC).<\/span><\/p>\n

In light of the <\/span>legal dispute<\/span><\/a> between Ripple and the US SEC, the Chief Executive Officer of Ripple, Brad Garlinghouse expressed his enthusiasm about the crypto firm\u2019s expansion in new regions. He stated that the firm will be focusing on hiring candidates in regions like Singapore, Hong Kong, and Dubai which have favorable outlooks and regulatory conditions on cryptocurrency.\u00a0<\/span><\/p>\n

\u201cIt\u2019s super frustrating that you see markets like we have here in Singapore, where governments are partnering with the industry, providing clear rules, and you\u2019re seeing growth. That\u2019s why Ripple is hiring there,\u201d Garlinghouse stated in an interview with <\/span>Bloomberg<\/span><\/a>.\u00a0<\/span><\/p>\n

Presently, the United States does not have a clear regulatory framework for cryptocurrency assets, and the US Congress has also been relatively slow in clarifying the status of cryptocurrencies.<\/span><\/p>\n

\"Ripple<\/p>\n

XRP prices maps recovery above $0.48 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
SEC Lawsuit Developments<\/h2>\n
Ripple has been embroiled in a <\/span>lawsuit<\/span><\/a> with the US SEC since 2020. The SEC had previously sued Ripple for allegedly raising over $1 billion in unregistered securities offerings by selling XRP.\u00a0<\/span><\/p>\n
In July 2023, Ripple secured a <\/span>victory<\/span><\/a> after Judge Analisa Torres ruled in favor of Ripple and stated that XRP was not a security. The SEC responded by filing an <\/span>interlocutory appeal<\/span><\/a>, however, it is unsure if Judge Torres will grant the SEC\u2019s request.<\/span><\/p>\n
Related Reading: Why The NASDAQ\u2019s Latest Move Is Important For Fund Managers Filing Ethereum ETFs<\/a><\/div>\n
Over the years, Ripple has reportedly spent over $200 million defending itself against the SEC allegations. The cryptocurrency\u2019s native token XRP was delisted from several exchanges in 2021 while its price <\/span>declined <\/span><\/a>significantly and lost the majority of the gains it had accumulated over the years.<\/span><\/p>\n
However, since Judge Torres\u2019s ruling, leading exchanges such as Coinbase and Bitstamp have already moved to relist XRP since the court did not deem programmatic exchange sales to qualify as securities offerings.<\/span><\/p>\n
Featured image from CoinTurk News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Ripple may be in the process of leaving the United States market for good as the prominent crypto firm has stated that it will be acquiring the majority of its employee candidates from countries outside the US.\u00a0 Ripple Will Recruit A Workforce Overseas US-based cryptocurrency solutions provider, Ripple has enacted plans to conduct its hiring processes outside US borders. The cryptocurrency firm has stated that over 80% of its workforce will be recruited from countries outside the US that encourage crypto adoption and innovation. Related Reading: SEC Boss Gary Gensler Completes Senate Hearing: Here\u2019s What Crypto Investors Should Know The decision to hire the majority of its workforce internationally can be seen as a strategic move to counteract the effects brought about by the regulatory changes enacted by the United States Securities and Exchange Commission (SEC). In light of the legal dispute between Ripple and the US SEC, the Chief Executive Officer of Ripple, Brad Garlinghouse expressed his enthusiasm about the crypto firm\u2019s expansion in new regions. He stated that the firm will be focusing on hiring candidates in regions like Singapore, Hong Kong, and Dubai which have favorable outlooks and regulatory conditions on cryptocurrency.\u00a0 \u201cIt\u2019s super frustrating that you see markets like we have here in Singapore, where governments are partnering with the industry, providing clear rules, and you\u2019re seeing growth. That\u2019s why Ripple is hiring there,\u201d Garlinghouse stated in an interview with Bloomberg.\u00a0 Presently, the United States does not have a clear regulatory framework for cryptocurrency assets, and the US Congress has also been relatively slow in clarifying the status of cryptocurrencies. XRP prices maps recovery above $0.48 | Source: XRPUSD on Tradingview.com SEC Lawsuit Developments Ripple has been embroiled in a lawsuit with the US SEC since 2020. The SEC had previously sued Ripple for allegedly raising over $1 billion in unregistered securities offerings by selling XRP.\u00a0 In July 2023, Ripple secured a victory after Judge Analisa Torres ruled in favor of Ripple and stated that XRP was not a security. The SEC responded by filing an interlocutory appeal, however, it is unsure if Judge Torres will grant the SEC\u2019s request. Related Reading: Why The NASDAQ\u2019s Latest Move Is Important For Fund Managers Filing Ethereum ETFs Over the years, Ripple has reportedly spent over $200 million defending itself against the SEC allegations. The cryptocurrency\u2019s native token XRP was delisted from several exchanges in 2021 while its price declined significantly and lost the majority of the gains it had accumulated over the years. However, since Judge Torres\u2019s ruling, leading exchanges such as Coinbase and Bitstamp have already moved to relist XRP since the court did not deem programmatic exchange sales to qualify as securities offerings. Featured image from CoinTurk News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":551193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,89380,3685,17209,85514,3799,89194],"class_list":["post-551177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-firm","tag-ripple-labs","tag-ripple-news","tag-ripple-vs-sec","tag-sec","tag-sec-news"],"acf":[],"yoast_head":"\nThis Latest Move Suggests SEC Lawsuit Against Ripple Is Pushing The Crypto Firm Outside The US<\/title>\n<meta name=\"description\" content=\"Ripple may be in the process of leaving the US market for good as the crypto firm will be acquiring candidates from countries outside the US.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"This Latest Move Suggests SEC Lawsuit Against Ripple Is Pushing The Crypto Firm Outside The US","url":"http:\/\/wncen.com\/news\/ripple\/us-sec-lawsuit-ripple\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/us-sec-lawsuit-ripple\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Ripple-SEC.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Ripple-SEC.jpeg?fit=1280%2C720"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","ripple firm","ripple labs","ripple news","ripple vs sec","sec","sec news"],"dateCreated":"2023-09-13T19:00:39Z","datePublished":"2023-09-13T19:00:39Z","dateModified":"2024-06-11T08:13:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"This Latest Move Suggests SEC Lawsuit Against Ripple Is Pushing The Crypto Firm Outside The US\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/us-sec-lawsuit-ripple\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/us-sec-lawsuit-ripple\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Ripple-SEC.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Ripple-SEC.jpeg?fit=1280%2C720\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"ripple firm\",\"ripple labs\",\"ripple news\",\"ripple vs sec\",\"sec\",\"sec news\"],\"dateCreated\":\"2023-09-13T19:00:39Z\",\"datePublished\":\"2023-09-13T19:00:39Z\",\"dateModified\":\"2024-06-11T08:13:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Ripple-SEC.jpeg?fit=1280%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/551177"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=551177"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/551177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/551193"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=551177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=551177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=551177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}