Ripple is not changing its center
No major developments took place in the securities case against Ripple after the first hearing. Ripple co-founder Chris Larsen made an important statement during this recession. In a statement to the San Francisco Chronicle, Larsen emphasized that they are determined to stay in the United States.
↪️Ripple Stays in San Francisco
In fact, news that Ripple will move out of the US first appeared in mid-2020. Ripple CEO Brad Garlinghouse stated that the US is no longer attractive for the tech giant due to the negative regulation conditions of the US. It was recently emphasized that Ripple may experience an immigration within the USA, not outside the USA. As for whether San Francisco-based Ripple will move inside or outside the US, the former CEO clarified.
For now, Ripple's former CEO and co-founder Chris Larsen has stated that San Francisco is the best place for Ripple for now. Stating that they are connected to the city, Larsen emphasized that San Francisco is the region with the most diversity and creativity. Stating that a critical part of Ripple's user base is here, Larsen has actually given an important message.
↪️Ripple's Employment Is Increasing
Ripple is based in San Francisco with more than 450 employees and continues to grow despite the lawsuit. The recent donation of Larsen to affected shops and traders in San Francisco about the coronavirus outbreak also completes the important message. This donation made by the Ripple CEO was interpreted in the backstage as a move towards regulators.
Stating that small businesses are under difficult conditions, Ripple may be aiming to change the course of the case by providing more employment, according to experts. Ripple's valuation of over $ 10 billion increases the company's importance for the city and country.
↪️XRP Price May Be Reversed
Although there is no clarity yet in the case filed by the SEC, Ripple's taking such steps strengthens the claims that an agreement can be reached in the lawsuit. XRP price has fallen sharply since the lawsuit and could not benefit from the bull rally. Ripple's going to such a deal and bringing the fruit of the steps taken could end this bad trend for XRP.