Ripple is reportedly planning to hire the majority of its workforce from outside the United States due to regulatory changes enacted by the SEC. The decision is seen as a strategic move to counteract the effects of the lawsuit filed by the SEC against Ripple. The United States currently lacks a clear regulatory framework for cryptocurrency assets, and this uncertain environment has prompted Ripple to look for talent in countries that encourage crypto adoption and innovation. Despite the lawsuit, some exchanges have started relisting Ripple’s XRP token.
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