Claim $500Are Crypto Companies Leaving US? XRP Lawyer Reveals Concerning Trend
Pro-XRP attorney John Deaton has reported that, like Ripple’s CEO, other CEOs have joined to hire overseas and exclude investors from the U.S. This revelation comes amid Ripple Labs CEO Brad Garlinghouse’s ongoing expression of discontent with the regulatory environment in the United States.
Deaton Reveals CEOs Opting for International Hiring
Garlinghouse recently revealed that Ripple will concentrate its recruiting efforts primarily on Dubai, London, and Singapore rather than the United States. These regions are leading the way in the bitcoin industry’s rapid expansion thanks to their transparent and friendly regulatory frameworks. At the Mainnet 2023 conference, Garlinghouse revealed the company’s strategy move in light of the changing U.S. regulatory environment.
The CEO of Ripple Labs isn’t the only one who thinks this way. To avoid competition from U.S. investors, CryptoLaw founder Deaton has revealed that he has spoken with two other CEOs considering making similar decisions as Garlinghouse and instead deciding to employ worldwide. The SEC and its chairman, Gary Gensler, have been blamed for this development because of their supposedly restrictive posture against the cryptocurrency business.
SEC’s Stance Causes Stir in Crypto Industry
Gensler’s assumption that all cryptocurrencies are securities except Bitcoin has sparked debate. Although not a rule of law, the SEC has acted following this view, filing litigation against major cryptocurrency exchanges such as Coinbase and Binance.US for running unregulated stock markets.
Wendy O, a cryptocurrency YouTuber, has also said that the SEC’s actions have stifled the development of the cryptocurrency business in the United States. Concerns have been raised, and appeals have been made for clear and supporting rules in the wake of continuous enforcement proceedings against crypto businesses in the United States and a general lack of transparency from regulators.
The arguments have been heightened by the current dispute between Ripple and the SEC over whether XRP should be considered securities. Another pro-XRP lawyer, Bill Morgan, expressed his astonishment at the contrasting weight given to court rulings and SEC’s statements regarding the recent XRP ruling.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Saylor’s ‘Back to Orange’ Signals More Bitcoin Buys as $100K Odds Crash to 1% for 2025
- Trust Wallet Hack Claims Portal Launches After $7M Chrome Extension Breach
- Tom Lee Sees Ethereum at $7K–$9K by 2026 as BitMine Stakes $1B ETH in Just 2 Days
- ECOS Review: Hosted and Managed ASIC Mining Service Provider
- Peter Schiff Warns Bitcoin Could Mirror Silver’s Rise In Reverse
- Is $1 Dogecoin Price Technically Possible in 2026?
- Bitcoin Price Year-End Prediction: Analysts Highlight Key Levels Before 2025 Close
- Pi Network Price Holds $0.20 After 8.7M PI Unlock, 19M KYC Milestone-What’s Next?
- XRP Price Prediction Ahead of US Strategic Crypto Reserve
- Ethereum Price Prediction Ahead of the 2026 Glamsterdam Scaling Upgrade – Is $5,000 Back in Play?
- Cardano Price Eyes a 40% Surge as Key DeFi Metrics Soar After Midnight Token Launch
