Ripple CEO- Company Now Predominantly Hiring Outside U.S

CEO Ripple, Brad Garlinghouse, in a recent interview with CNBC International,  stated that the company intends to concentrate most of its recruiting efforts outside the United States in the upcoming years.

Ripple CEO- Company Now Predominantly Hiring Outside U.S
Ripple CEO- Company Now Predominantly Hiring Outside U.S

CEO Ripple, Brad Garlinghouse, in a recent interview with CNBC International,  stated that the company intends to concentrate most of its recruiting efforts outside the United States in the upcoming years.

He attributed this transition to the continued ambiguity of U.S. cryptocurrency regulations, which has prompted entrepreneurs and investors to seek more accommodating jurisdictions. With its clear and comprehensive regulatory framework for digital assets, Europe has benefited substantially from this trend.

Garlinghouse also clarified how this regulatory ambiguity in the United States had affected Ripple’s operations, explaining that the company has had to divert a significant portion of its resources outside the United States.

“95 percent of our customers are non-U.S, and this year most of our hiring will be non-U.S for some of those exact same reasons,” he stated.

He noted that Ripple’s European expansion is partly due to the continent’s favorable regulatory climate.

Garlinghouse, reflecting on the future regulatory framework for cryptocurrencies after the FTX case, highlighted the precise rules and roadmap provided by countries such as the United Arab Emirates, the United Kingdom, Singapore, and Europe. He argued that this clarity permits entrepreneurs and investors to engage with regulators more productively. This regulatory clarity partly motivated Ripple’s recent acquisition of the Swiss company Medico.

Garlinghouse addressed the significance of distinguishing crypto-specific issues from broader issues such as fraud. Using the FTX incident as an example, he argued that it was a fraud issue, not a crypto-specific one. “Frauds occur in a variety of asset classes. Unfortunately, it is not crypto-specific,” he noted. He believes the United States could learn from Europe and other nations with defined regulatory frameworks for digital assets.


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