• Ripple looked at offshore destinations like the UAE, UK, and Singapore for hiring.
• Despite SEC’s appeal of the verdict, XRP looked safe until at least 2025. 

Ripple Labs [XRP] CEO Brad Garlinghouse has been one of the most vocal critics of the U.S. Securities and Exchange Commission (SEC) ever since the payments-focused company was sued by the regulator nearly three years ago.

Read Ripple’s [XRP] Price Prediction 2023-24

Garlinghouse has minced no words in denouncing the SEC, more specifically current chairperson Gary Gensler, in public forums.

SEC Chair called a “bully”

Staying true to his tirade, Ripple’s CEO called the SEC Chair a “bully” during a chat at the ongoing Messari Mainnet 2023 event. Garlinghouse’s comments were reported by Fortune Magazine’s senior journalist, Jeff Roberts.

“You have to stand up to a bully … he’s pursuing power, he’s pursuing politics. Not sound policy.”

Ripple CEO on SEC Chair. He’s not wrong

Also notable that Gensler has led one-time crypto foes @twobitidiot and @bgarlinghouse to become allies pic.twitter.com/GS2j1YDeP0

— Jeff Roberts (@jeffjohnroberts) September 20, 2023

The overall mood in the XRP circles has been upbeat ever since the partial win in the hotly contested legal battle against the SEC. The judgement ruled that the sale of XRP to the public was not to be considered as a security.

H

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Author: Aniket Verma

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