- Ripple CEO Brad Garlinghouse is optimistic about the crypto company winning the case against the SEC.
- 80% of the next Ripple’s employees will come outside the United States.
Ripple’s CEO had an interview at a recent event where he made some statements regarding their legal battle with the SEC. So, he believes Ripple will come out victorious.
Ripple’s CEO Says He is Optimistic About SEC’s Appeal
- Ripple CEO Brad Garlinghouse has an interview with Bloomberg’s Annabelle Droulers at the Singapore Token2049 conference. So, in this interview, Ripple’s CEO talked about many things regarding their case with the Securities and Exchange Commission.
- From the words of the crypto company’s executive, he says he is optimistic about the outcome of the case despite the appeal from the SEC. However, he also believes that the SEC process is frustrating. “Well, on one hand, it’s frustrating. You have a government with unlimited resources to keep fighting a fight they already lost,” Ripple’s CEO said. One of the highlights of this interview is the amount of money that goes into legal fees from the crypto company. So, Ripple now has over $100 million in legal fees.
Ripple’s CEO Remains Positive
- Ripple CEO Brad Garlinghouse says he is still positive regarding their case with the SEC. So, one of the claims of Ripple’s executives is that the law is on their side. He believes that the US regulator is fighting an already lost battle. Furthermore, Garlinghouse believes that as the case progresses through the appellate court system, the chances of a favorable outcome for Ripple increase.
- The SEC’s appeal is around the judgment by Judge Torres, after declaring XRP as non-security on many grounds. So, in their appeal, the US regulator wants the judge to make a more comprehensive review of the judgment.
Ripple to Conduct Hiring Outside the United States
- Ripple is already making plans on how to survive without the United States. So, one of the new developments in the company is moving away from the United States in terms of hiring workers. They believe sourcing for employees outside the United States is more favorable for their operations. So, around 80% of their hiring next year will happen outside the United States.
- Ripple’s CEO has enormous admiration for many countries. These countries are those taking proactive steps to create a crypto-friendly environment for their citizens. So, he acknowledged countries like Singapore, Hong Kong, the UK, and Dubai for their proactive approach to crypto regulation. This is something that he says one might not find in the United States.
Conclusion
Ripple’s CEO Brad Garlinghouse made a clear case for the crypto company during an interview with Bloomberg’s Annabelle Droulers at the Singapore Token2049 conference. So, the crypto executive believes the US regulator, the SEC, is fighting a lost battle against them. He is also optimistic that the case will end in Ripple’s favor. Furthermore, he made a new announcement of Ripple going outside the US to hire employees.
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