Crypto Firm Ripple Says Over 80% of Hiring This Year Outside US
- Ripple embroiled in legal spat with SEC over status of crypto
- CEO Garlinghouse flags greater regulatory clarity beyond US
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Ripple Labs Inc. said more than 80% of its hiring this year will be outside the US, where the crypto payments company is embroiled in a long-running legal dispute with the Securities and Exchange Commission.
In jurisdictions such as Singapore, Hong Kong, the UK and Dubai, “governments are partnering with the industry and you’re seeing leadership, they’re providing clear rules and you’re seeing growth,” Ripple’s Chief Executive Officer Brad Garlinghouse said in a Bloomberg Television interview on Wednesday.