- Ripple is looking to expand its global team, opening roles in London, Bangalore and Toronto in anticipation of future growth and development.
- Despite legal challenges with the SEC, Ripple maintains its focus on innovation and expansion ahead of the crucial trial.
US fintech company Ripple shared on X (Twitter) its intention to expand its team globally. The openings available are for a Senior Product Manager at DeFi (London), a Senior Software Engineer (Bangalore) and another in (Toronto).
Ripple launched a recruitment campaign in September last year with the goal of adding 55 employees in various areas such as Corporate Development, Engineering, Business Development, Finance, Global Operations, Information Technology, Legal, Marketing and more.
Subsequently, it initiated a search for a Senior Manager of Shareholder Communications, which generated speculation among some X users about a possible preparation for an initial public offering (IPO). However, CEO Brad Garlinghouse noted that an IPO is not a current priority.
This new expansion push by Ripple comes shortly before a lawsuit against the U.S. Securities and Exchange Commission (SEC).
After facing three partial court defeats throughout 2023, it appears that the SEC does not have the upper hand. The first setback came in July, when Judge Analisa Torres ruled that Ripple’s programmatic sales to secondary platforms were not considered investment contract offerings.
In addition, the SEC’s request for an appeal was denied, and both Brad Garlinghouse and CEO Chris Larsen were exonerated of the charges by the agency.
A favorable outcome for Ripple in the lawsuit could boost investor confidence, with the potential to increase the value of XRP and have a positive effect on the cryptocurrency sector .
Conversely, a win for the SEC could result in stricter regulations and a potential market crash.
