Top Ripple Lawyer Says Company Effectively Operating Outside of the US Due to Impact of SEC Lawsuit: Report

Top Ripple Lawyer Says Company Effectively Operating Outside of the US Due to Impact of SEC Lawsuit: Report


Ripple Lab’s top lawyer says that the company is essentially operating outside of the US due to the lawsuit by the U.S. Securities and Exchange Commission (SEC).

According to a recent report by CNBC, Ripple General Counsel Stuart Alderoty says that even though most Ripple employees are based in the US, most of its customers have been driven to other nations because of the regulatory agency’s case against the payments platform.

The SEC alleges that Ripple Labs sold XRP as an unregistered security.

Trending: Radio Host Who Attacked ‘Anti-Vaxxers’ to Take Hiatus Until 2023 After Heart Attack

“Essentially, [Ripple] customers and [the firm’s] revenue are all driven outside of the US, even though we still have a lot of employees inside of the US.”

As for the SEC’s lawsuit against Ripple, Alderoty says that he expects the judge to

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend