Ripple CEO Brad Garlinghouse announced plans to focus 80% of the company's hiring efforts outside the United States this year
Despite a recent court ruling that Ripple-affiliated token XRP is not a security, the SEC has signaled it may appeal the decision. Garlinghouse expressed his exasperation with SEC chair
to provide clear guidelines for the crypto industry."Gary Gensler is a hammer, and everything looks like a nail," said Garlinghouse. , the San Francisco-based firm has a pending acquisition of Fortress Trust, a crypto custodian service. The CEO of Fortress Trust recently revealed that hackers had compromised some customer funds. Ripple stepped in to make these customers whole again."I understand that that ripple has made those customers whole," Garlinghouse said.
The acquisition suggests that despite regulatory battles, Ripple is not slowing down in its effort to expand its product suite and customer base.
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