Ripple may follow the example of the Coinbase exchange – the company is already considering options for moving business outside the United States due to the ongoing legal battle with the SEC.
Ripple’s international policy adviser Susan Friedman, commenting on the recent adoption of the law on the regulation of cryptocurrencies in the European Union (MiCA), announced a high assessment of the activities of European legislators and the company’s readiness to consider possible growth options in the European market.
Earlier, the head of Ripple, Brad Garlinghouse, repeatedly stated that the cryptocurrency company could move to a country with a climate more loyal to the crypto industry if it fails to win the ongoing legal epic with the SEC.
“We are confident that the law and the truth are on our side. If we lose the case in the United States, then we will move to another jurisdiction. We have grandiose plans to build a business and it makes no sense to do this in a jurisdiction that will not be friendly to us,” said the CEO of Ripple.
Ripple does not officially confirm or deny rumors about a possible change of jurisdiction. However, the crypto community noted that in the list of new vacancies, 46 companies were announced outside the United States and only 6 in the United States. This may indicate that Ripple is gradually preparing to move abroad.
Last week, cryptocurrency exchange Coinbase announced the launch of a new offshore exchange platform and the receipt of a class F license under the Digital Asset Business Act from the Bermuda Monetary Authority (BMA).
