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Ripple has seemingly reversed its stance on hiring in the United States, as it announces a significant expansion of its workforce within the country. The move comes after CEO Brad Garlinghouse criticized the Securities and Exchange Commission (SEC) for harming the cryptocurrency industry.
In 2023, Ripple revealed that it was still doing an astonishing 80% of its hiring outside of the U.S., citing regulatory uncertainty as one of the main reasons. However, with Gary Gensler’s confirmation to depart from his position as SEC Chair, the company appears to be rethinking its strategy.
U.Today has learned that Ripple is actively recruiting for a wide range of positions across various departments, including engineering, marketing, and compliance. The hiring spree reflects the company’s growing commitment to expanding its presence in the United States.
According to sources familiar with the matter, Ripple’s U.S. team has already experienced significant growth over the past few months. This latest expansion is seen as a crucial step towards bolstering the company’s domestic capabilities.
As the cryptocurrency and fintech sectors continue to evolve rapidly, it appears that Ripple is positioning itself for a major push into the American market.
Source: u.today
