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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/ripple-ceos-positive-outlook-on-sec-appeal-key-insights-revealed/">Ripple CEO’s Positive Outlook on SEC Appeal: Key Insights Revealed</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>At the Singapore Token2049 confe­rence, Ripple’s CEO <a href="https://coinpedia.org/news/ripple-news-will-brad-garlinghouse-and-chris-larsens-trial-impact-the-secs-appeal/">Brad Garlin­ghouse</a> shared unique perspectives on the ongoing appeal by the Secur­ities and Exchange Commi­ssion (SEC). Despite facing regul­atory challenges by Ripple Lab, Garlin­ghouse remains optim­istic about it.</p> 
<h2 id="optimism-despite-the-challenges" data-name="optimism-despite-the-challenges" class="wp-block-heading">Optimism Despite the Challenges </h2> 
<p>In an ongoing Singapore Token2049 conference, Bloomberg’s interviewer Annabelle Droulers asked Garlinghouse about his stance on SEC’s recent appeal following Judge Analisa Torres’s court decision.</p> 
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   <p lang="en" dir="ltr">Ripple CEO Brad Garlinghouse says over 80% of hiring this year will be outside US, where the crypto payments company is embroiled in a long-running legal dispute with the SEC <a href="https://t.co/BqKGTRFK95">https://t.co/BqKGTRFK95</a> <a href="https://t.co/nZJyMMBvpY">pic.twitter.com/nZJyMMBvpY</a></p>— Bloomberg Crypto (@crypto) <a href="https://twitter.com/crypto/status/1701784205691424883?ref_src=twsrc%5Etfw">September 13, 2023</a>
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<p>While addre­ssing the SEC’s decision to appeal the court verdict, Garlin­ghouse expressed his frust­ration and empha­sized the subst­antial resources utilized by the government to continue the legal battle.</p> 
<p>He also emphasizes the significant financial burden placed on Ripple due to this lengthy legal dispute. In fact, the company has incurred legal fees exceeding “well over $100 million.”</p> 
<p>On the positive side, Garlin­ghouse <a href="https://twitter.com/crypto/status/1701784205691424883">firmly believes</a> in the improving prospects of Ripple’s favorable outcome as the case progr­esses through the appellate court system. </p> 
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 <p>According to him, “We have strong support from both factual and legal perspe­ctives, and we are fully committed to pursuing our stance in court.”&nbsp;</p> 
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 <p>Furthermore, he expressed his satisf­action by stating, “We are extremely pleased with the progress of the legal proce­edings thus far,” about Ripple’s position. He under­scored the court’s decision as a significant validation of Ripple’s position.&nbsp;</p> 
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<p>Read More: <a href="https://coinpedia.org/news/xrp-lawsuit-news-were-prepared-for-a-full-blown-fight-with-the-sec-says-ripple-president/">XRP Lawsuit News: We’re Prepared for a Full-Blown Fight With the SEC- Says Ripple President</a></p> 
<h2 id="uss-regulatory-scenario-is-on-shaky-grounds" data-name="uss-regulatory-scenario-is-on-shaky-grounds" class="wp-block-heading">US’s Regulatory Scenario is on Shaky Grounds</h2> 
<p>Heading further in the <a href="https://twitter.com/crypto/status/1701784205691424883">inter­view</a>, Annabelle Droulers proceeded to inquire about the future of cryptoc­urrency companies in the United States from Garling­house.</p> 
<p>Garlin­­ghouse acknow­ledged the challenges arising from the SEC’s lack of clear guidelines for the crypto industry, meanwhile, this has created uncer­tainty and hindered innov­ation.</p> 
<p>Consi­dering that the U.S. accounts for 22% of the world’s GDP, it holds a significant position in the global economy. Garlin­­ghouse believes that a change in adminis­tration may lead to regul­atory reforms, shaping a new landscape for this sector</p> 
<h2 id="a-focus-on-hiring-and-expanding" data-name="a-focus-on-hiring-and-expanding" class="wp-block-heading">A Focus on Hiring and Expanding</h2> 
<p>As a strategic maneuver amidst the ongoing legal battles, Ripple has decided to shift its hiring focus. According to Garlin­ghouse, the company aims to <a href="https://coinpedia.org/news/ripples-brad-garlinghouse-unveils-his-vision-80-overseas-hires-how-and-why/">allocate 80%</a> of its recru­itment efforts outside the United States this year.</p> 
<p>Ripple’s frust­ration with the current regul­atory landscape in the U.S. has led to a strategic decision to hire in international markets, like Singa­pore, Hong Kong, the U.K., and Dubai have been chosen for this purpose.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/xrp-news-ripples-nevada-trust-license-pursuit-through-fortress-acquisition/">Ripple’s Fortress Trust Acquisition: Here’s How It’s a Win-Win for All</a></p> 
<p>Garlin­ghouse expressed his disappo­intment regarding the lack of regul­atory clarity, which he believes is crucial for fostering growth within the crypto industry.</p> 
<p><strong>What do you think the outcome of the SEC’s appeal will be?</strong></p>

Ripple CEO’s Positive Outlook on SEC Appeal: Key Insights Revealed

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