Ripple's Global Hiring Surge: 80% of New Positions Located Abroad, Reports Bloomberg

Brad Garlinghouse has outlined Ripple's strategic approach to hiring in regions with regulatory clarity. In an interview with Bloomberg, the CEO stated that 80% of the company's recruitment efforts for the current year will be directed towards locations outside the United States where regulatory frameworks are more defined.

Garlinghouse emphasized the positive environments in countries like Singapore, Hong Kong, the U.K., and Dubai, where governments are actively collaborating with the crypto industry. He noted that these partnerships, coupled with clear regulatory guidelines, have fostered significant growth. This, in turn, has influenced Ripple's decision to focus a substantial portion of its hiring endeavors in these regions.

The legal battle between Ripple and the U.S. Securities Exchange Commission (SEC) continues. The SEC alleges that Ripple violated securities laws. Despite a partial victory in July, when a U.S. judge ruled that the sale of Ripple’s XRP tokens didn't qualify as investment contracts, the SEC is persistently seeking to overturn this decision.

Garlinghouse expressed frustration with what he perceives as the SEC's strategy of using confusion to assert power. He believes that the more confusion they create, the more empowered they feel to pursue legal action.