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Ripple Is Hiring Despite Lawsuit, XRP Holders File Appeal

Ripple Hiring Despite Lawsuit XRP Holders File Appeal
  • Ripple is hiring for its offices in different parts of the world
  • Due to the SEC lawsuit, XRP has plunged to as low as $0.20 after exchanges delisted it.
  • Meanwhile, XRP holders filed a petition to the White House to consider XRP a currency.

Embattled Ripple remains undaunted amid the SEC lawsuit filed against it. In fact, it is looking to fill up positions for its offices in different countries in the world.

Jim Chauncey-Kelly, Senior Director for Global Talent Acquisition, wrote the announcement after saying it’s his 3rd year anniversary.

Apparently, Ripple is looking for people to fill up management and director positions for various departments. Interestingly, some of these positions opened up after the SEC filed a lawsuit against Ripple.

These hint that Ripple has no plans of closing shop despite taking heavy losses. From an upward momentum in December 2020, its native crypto XRP plunged to $0.20 after exchanges delisted it.

Meanwhile, XRP holders filed a petition on December 29, 2020 to the White House to consider XRP a cryptocurrency. The petition needs at least 61,690 signatures before January 28, 2021 for the petitioners to warrant a response. At the time of writing, over 38,310 have already signed the petition.

The petition wrote,

The SEC complaint is damaging to the holders of the currency XRP, and must cease immediately. The US Government has clearly given guidance, as established by FinCEN, that XRP is a currency.

Written by a person under the initials J.W., the petition said the SEC is “tasked to protect investors in US securities.” However, the Ripple lawsuit has caused US citizens to suffer “irreparable harm and damages”.

Read Also: Over 26 Companies Remove XRP Services Amid Ripple Lawsuit

Jesus is the Senior Editor of CoinQuora. He's been following the crypto space since 2016, and may possibly do so indefinitely. He covers various blockchain-based developments and crypto market trends.