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.
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Ripple Moving 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.
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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.
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Source: https://coingape.com/ripple-moving-out-of-u-s-after-coinbase-ceo-drops-hint/