Ripple Conducts Major Hiring Outside the US, SEC To Blame?
In a Bloomberg Television interview, Ripple’s Chief Executive Officer Brad Garlinghouse said that in jurisdictions such as Hong Kong, Singapore, the UK and Dubai, “governments are partnering with the industry and you’re seeing leadership, they’re providing clear rules and you’re seeing growth”. advertisement Garlinghouse’s comments came on the sidelines of the ongoing crypto conference in Singapore. Despite the court ruling in favor of Ripple, the US SEC has been reluctant to prove that XRP is a security. The SEC, under the leadership of Chair Gary Gensler, has taken a firm stance on digital assets following the market turmoil in 2022 and subsequent incidents like the FTX exchange’s collapse. Gensler maintains that most tokens should be considered securities and fall within the agency’s regulatory oversight. In the meantime, progress in Congress towards crafting crypto-related legislation has been sluggish. Ripple vs ...