Ripple Opens Vacancies Despite Legal Battle with SEC

    Simar Marwaha
    Simar Marwaha
    Published on March 17, 2023 08:22 PM

    Up to 71 employment jobs are available at Ripple, the San Francisco-based business with divisions spanning engineering and worldwide operations.

    Ripple Opens Vacancies Despite Legal Battle with SEC
    Source: Pexels

    Despite what seems to be an endless legal battle with the U.S. Securities and Exchange Commission, Ripple is still trying to grow its crew. The IT company recently requested applications from qualified and interested candidates for a number of employment openings on its team.

    Up to 71 employment positions are presently vacant across multiple departments, including but not limited to global operations, legal, RippleX, RippleNet, finance, and engineering, according to a preview of its careers page. Also, the organisation is looking for interns for its positions in product management, software engineering, and design.

    Several countries, including the United States, Canada, Singapore, the United Kingdom, Australia, and the United Arab Emirates are included in the majority of positions that provide on-site duties. Ripple has been growing its legal staff in the midst of the continuing action with the SEC to strengthen its defence strategy and improve its ability to handle legal procedures. Two Kellogg Hansen attorneys, Kylie Kim and Clayton Masterman, were retained by the Silicon Valley company in July to represent them pro hac vice in the SEC complaint.

    Three legal positions are now open within the organisation, including Compliance Intern, Litigation Counsel in San Francisco, and Corporate Counsel in Singapore.

    Hardly two months have passed since Monica Long was named the new president of Ripple before the most recent revelation of employment titles. Long joined the company in September 2013 as Director of Communications and has been employed there for about ten years.

    Ripple Expands Despite Crypto Industry's Constant Layoffs

    Ripple's propensity for growth in the face of a protracted legal dispute with the SEC and a general bear market is nothing short of amazing. The IT company's desire to grow coincides with ongoing layoffs at numerous other crypto sector businesses.

    According to reputable news source Fortune, over 2,000 jobs have been lost in the cryptocurrency industry this year alone at a number of different firms, including Genesis, Luno, Huobi, DCG, and In January, 110 people, or 28% of the staff of cryptocurrency broker, were let go. Moreover, US exchange Coinbase fired 950 employees, or 20% of its workforce, in January.

    However, outcome of the SEC Vs. Ripple lawsuit will determine US crypto regulation and the implications for the future of cryptocurrencies.