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Ripple CEO reveals the company’s move if the SEC wins it!

Ripple CEO reveals the company’s move if the SEC wins it!

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Answer Ripple CEO reveals the company’s move if the SEC wins it!

The SEC case against Ripple continues.

Recently, the CEO of Ripple stated that Ripple would leave the United States if the SEC won the court.

As told by the lawsuit filed by the Securities and Exchange Commission in December 2020, alleging that Ripple, Brad Garlinghouse and Chris Larsen illegally used XRP as unregistered collateral to raise $1.3 billion.

Garlinghouse explained this in an interview with Axios Media during the Collision Conference in Toronto.

He said that if they lose the case, they will not consider leaving the United States but will do so (i.e. it will not remain a mere talk), adding that losing the case will not change anything in the crypto industry in general.

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The US Securities and Exchange Commission and Ripple:

In mid-April, Ripple appeared to have won a major victory in its case against the Securities and Exchange Commission after Judge Sarah Netbourne ruled that the SEC’s request to reconsider the protection of some documents that prove a letter by its former director, William Henman, in which he said that Bitcoin and Ethereum are not securities.

Despite this, the case still raises more analyzes and sheds a lot of ink.

Earlier the SEC responded from the transfer of a potential victory for Ripple, claiming that Henman should not make such a speech because he had a specific conflict of interest with those cryptocurrencies.

Garlinghouse has repeatedly pointed out that XRP is a currency and not a security, comparing its nature to that of Bitcoin or Ethereum.

Currently, ethics officials are investigating whether or not Hinman had a conflict of interest when he delivered his controversial speech.

The results of the investigation can be useful to Ripple and its legal strategy.

Recently, Garlinghouse praised how the SEC handled the case, adding that he hopes it will end later this year.

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If this is the case, the company will likely launch for an IPO.

A few days ago, Ripple announced its plans to open an office in Toronto, Canada, and create about 50 new jobs.

It should be noted that apart from Ripple’s 300 workers in the US, the company has more than 300 workers overseas, so changing its headquarters shouldn’t mean much to the company.

Accordingly, what the CEO of Ripple has stated may be a change of papers and preparation for the future.

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