Ripple Expands US Workforce by 75% After Elections: Is the SEC Lawsuit Ending Soon?
Post Ripple expands U.S. workforce by 75% after the election: Will the SEC lawsuit end soon? Appear first Coinpedia Fintech News
Ripple’s CLO, Stuart Alderoty, recently shared his thoughts on the new U.S. government’s cryptocurrency approach. In an interview with CNBC, Alderoty expressed satisfaction with the changes brought about by the new administration.
He explained that the last administration had basically launched a “war” against cryptocurrencies, rolling the industry out of the United States in support of restrictive policies. But since the inauguration, Alderoty praised the new government for embracing cryptocurrencies and clearing the barriers to stifling innovation.
In the SEC case
Alderoty revealed that Ripple, who has been in the U.S. for more than 12 years, has benefited from these shifts. He said that after the election, 75% of Ripple’s former offshore recruitment jobs are now being brought back onshore on the U.S. onshore, the company is eager to build and expand its business domestically and believes the U.S. can once again become the global cryptocurrency technology Leader.
These changes occur in the ongoing SEC case, which has been delayed for four years. The update has made many wonder if the case will end soon.
Ripple’s response to U.S. crypto reform
In discussing U.S. crypto reform, Aldrotti outlines three forces that shape the landscape: President Trump’s executive order, changes in federal regulations, and legislative actions in Congress. He stressed the importance of the executive order, which reaffirmed the U.S. goal to become the “crypto-capital.” The order sparked a series of active regulatory developments, including the appointment of David Sachs as the “Crypto Tsar”, who is leading a task force to review and update crypto regulations.
Additionally, Alderoty praised the actions of SEC Acting Chairman Mark Uyeda, who recently acknowledged regulatory chaos in the past few years. Alderoty is optimistic that these changes will make it easier for banks to interact with cryptocurrencies, further positioning the United States as a favorable environment for crypto innovation.
