Ripple Moving Out Of U.S. After Coinbase CEO Drops Hint?
Ripple News: Crypto firms based in the United States are reportedly seeking to relocate due lack of market guidance provided by the financial regulators. Coinbase, the U.S. biggest crypto exchange’s executive recently tipped off moving offshore, however, several developments are hinting that Ripple Labs might also be considering leaving the U.S.
Also Read: Ex SEC Chief Warns Of More Crypto Lawsuits Ahead; Which Exchange Can Be Next?
Ripple Consider To Move Offshore?
Ripple Labs and its executives are involved in the long running legal battle with the U.S SEC. It is expected that a verdict in the XRP lawsuit will lead the crypto industry toward regulatory clarity around crypto assets. Meanwhile, Ripple’s recent job postings have left the crypto community confused.
As per Ripple’s Career posting page, the firm is offering around 66 roles in the firm. It is important to note that 46 postings are offered outside the United States. Meanwhile, 6 of the open roles offered in the U.S. are several kinds of internships. However, Ripple CEO Brad Galinghouse have earlier stated that they will move outside if they lose the legal battle against the SEC.
It is expected that the recent job posting might be a part of Ripple’s expansion as Garlinghouse and the team seems to be much more confident of winning the crucial XRP case after recent court verdicts.
Also Read: LUNA Is Not A Security, Declares S.Korean Court; Will US SEC Follow?
U.S. watchdogs, Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have recently picked up the pace by suing the crypto exchanges and lenders like Kraken, Bittrex and Gemini.
However, Brian Armstrong, Coinbase CEO is reportedly considering moving its head offices offshore. He stated that anything is on the table while in conversation with the ex UK Chancellor of the Exchequer George Osborne.
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