"What's going to happen, many crypto exchanges want to leave the US."
Following financial regulators not providing clear market guidance, Ripple (XRP) may follow in the footsteps of cryptocurrency exchange giant Coinbase to leave the United States (US).
It is well known that the legal battle between XRP and the US Securities and Exchange Commission (SEC) has not yet reached an end, but the rules for the crypto market will become clearer after the XRP lawsuit reaches its conclusion.
Through the XRP Career posting page, the company has offered about 6 of the 66 positions in the US but they will move abroad if they lose the legal battle, commented XRP Chief Executive Officer (CEO) Brad Garlinghouse.
Pleased to note that the job posting is part of XRP's development following the recent court ruling, Garlinghouse and his team are very confident that they will win the case.
In context, the US watchdog, the SEC and the Commodity Futures Trading Commission (CFTC) have recently been increasingly aggressive towards crypto exchanges, where they have sued Kraken, Bittrex and Gemini.
The streak, Coinbase CEO Brian Armstrong told the former Chancellor of the Exchequer of the United Kingdom (UK) named George Osborne that he was in the process of moving his headquarters offshore.
As of this writing, XRP price has plunged by 2.23% to $0.45 in the last 24 hours with a market cap of $23 billion and recorded a loss of almost 10.16% over the last week.
