{"id":551177,"date":"2023-09-13T19:00:39","date_gmt":"2023-09-13T19:00:39","guid":{"rendered":"https:\/\/ktsl888.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:\/\/ktsl888.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":"<p><span style=\"font-weight: 400\">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<h2>Ripple Will Recruit A Workforce Overseas<\/h2>\n<p><span style=\"font-weight: 400\">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<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/crypto\/sec-gary-gensler-crypto\/\">SEC Boss Gary Gensler Completes Senate Hearing: Here\u2019s What Crypto Investors Should Know<\/a><\/div>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">In light of the <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-co-founder-slams-sec-chairman-us-president\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">legal dispute<\/span><\/a><span style=\"font-weight: 400\"> 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<p><span style=\"font-weight: 400\">\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><a href=\"https:\/\/x.com\/crypto\/status\/91424883?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bloomberg<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/wJ9rAI1Q\/\" alt=\"Ripple (XRP) price charr from Tradingview.com (US SEC)\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">XRP prices maps recovery above $0.48 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD on Tradingview.com<\/a><\/pre>\n<h2>SEC Lawsuit Developments<\/h2>\n<p><span style=\"font-weight: 400\">Ripple has been embroiled in a <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-president-sec-lawsuit\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">lawsuit<\/span><\/a><span style=\"font-weight: 400\"> 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<p><span style=\"font-weight: 400\">In July 2023, Ripple secured a <\/span><a href=\"https:\/\/ktsl888.com\/ripple-2\/ripple-party-sec\/\"><span style=\"font-weight: 400\">victory<\/span><\/a><span style=\"font-weight: 400\"> after Judge Analisa Torres ruled in favor of Ripple and stated that XRP was not a security. The SEC responded by filing an <\/span><a href=\"https:\/\/ktsl888.com\/ripple-2\/sec-interlocutory-appeal-ripple-a-mistake\/\"><span style=\"font-weight: 400\">interlocutory appeal<\/span><\/a><span style=\"font-weight: 400\">, however, it is unsure if Judge Torres will grant the SEC\u2019s request.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/nasdaq-ethereum-etfs\/\">Why The NASDAQ\u2019s Latest Move Is Important For Fund Managers Filing Ethereum ETFs<\/a><\/div>\n<p><span style=\"font-weight: 400\">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><a href=\"https:\/\/bitcoinist.com\/ripple-xrp-price\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">declined <\/span><\/a><span style=\"font-weight: 400\">significantly and lost the majority of the gains it had accumulated over the years.<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<div class=\"disclaimer-shortcode\">Featured image from CoinTurk News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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":"\n<title>This 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, 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