According to CEO Brad Carlinghouse, the San Francisco-based Ripple is ready to go abroad if it loses its case with the U.S. Stock and Exchange Commission. Speaking to media company Axios at the Conflict Conference in Toronto, Carlinghouse said his company could relocate outside the United States if it lost the XRP case.
“This is not something we can do, we will do it,” the CEO promised.
Ripple is embroiled in a lawsuit with the SEC alleging that the company has bypassed security laws by selling cryptocurrency XRP to investors. The case seeks to determine whether XRP is a security.
However, Ripple claims that while it holds most of the XRP tokens, the network on which XRP transactions are processed is completely decentralized. As previously announced, the overseas payments company expects the process to be completed next year. Carlinghouse has previously said that the long legal battle is going “extraordinarily” better than expected.
Ripple recently opened an office in Toronto, Canada with more than 150 engineers and staff.
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