Despite ongoing regulatory challenges in the US, Ripple's business activities continue to grow, according to the company's Chief Business Officer (CBO) Eric van Miltenburg.
In a recent interview with Coindesk, Van Miltenburg highlighted the resilient nature of Ripple's global operations and its strategic approach amid an uncertain US regulatory landscape. He described it as follows:
"I think there is still a long way to go in the US in terms of regulatory clarity. But frankly, Ripple's business is thriving regardless. In some ways, we even acted as if we had lost the business, which of course we did not."
Ripple's overseas recruitment intensifies
Last month, Ripple's CEO Brad Garlinghouse unveiled a strategic move, revealing plans to centre 80% of the company's recruitment initiatives outside the United States for the current year.
The decision, influenced by an ongoing legal dispute with the US Securities and Exchange Commission (SEC), is seen as a turn towards more crypto-friendly markets such as Singapore, Hong Kong, the UK and Dubai.
A call for regulatory clarity
The legal battle between Ripple and the SEC remains a major concern for the crypto industry. The court recently rejected the SEC's request for a preliminary appeal. Judge Analisa Torres, while explaining the decision, highlighted the SEC's inability to present a clear question justifying the appeal.
However, business industry experts believe the case is far from over. Despite Ripple's victory over the SEC, the cryptocurrency industry is far from achieving regulatory clarity in the US.