American fintech company Ripple, continuing its efforts to expand outside of the US, has opened job listings for many significant positions globally, including in London, Bangalore, and Toronto. Although the company’s previous job postings led to speculation about a possible initial public offering (IPO), it appears that Ripple’s priority is the lawsuit filed by the US Securities and Exchange Commission (SEC) and its strategic expansion.
Ripple in the Spotlight with New Job Listings
Ripple announced its intention to expand its global team through an official X account statement. Accordingly, the company has opened various job listings. The job postings include Senior Product Manager, Decentralized Finance (DeFi) (London), Senior Software Engineer (Bangalore), and Senior Software Engineer (Toronto).
The company made headlines last September when it announced job listings aiming to hire 55 people in Corporate Development, Engineering, Business Development, Finance, Global Operations, Information Technology, Law, Marketing, and other areas.
Shortly thereafter, Ripple began searching for a Senior Manager of Shareholder Communications, which led some X users to speculate about an IPO. There were speculations that this job listing could be the first step before filing for an IPO. Ripple CEO Brad Garlinghouse responded to these claims earlier this month, stating that going public is not currently their top priority.
Ripple’s latest expansion effort comes less than three months before the lawsuit against the SEC. As is known, the US regulator faced three partial court defeats throughout 2023. The first of these occurred in July when Judge Analisa Torres ruled that Ripple’s programmed XRP sales to secondary trading platforms did not violate securities laws. Moreover, the court did not greenlight the SEC’s request to appeal Torres’s decision. In addition, the SEC dropped all charges against CEO Garlinghouse and Executive Chairman Chris Larsen.
Possible 2 Scenarios in the Ripple – SEC Battle
A positive outcome in the lawsuit filed by the SEC against Ripple is very important as it could increase investor confidence, potentially raise the price of XRP, and positively affect the overall cryptocurrency market.
Conversely, a legal victory for the SEC could pave the way for the regulator to apply strict rules in the cryptocurrency market, potentially triggering a downturn, especially for XRP and the market in general.
