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- Ripple has advertised an opening for a new litigation counsel in San Francisco, California.
- Users suggest it could mean prolonging the company’s case with the SEC.
- The lingering battle is taking a toll on Ripple’s business and standing with the XRP community.
Ripple has advertised an opening for a new litigation counsel in San Francisco, California. According to Mr. Huber, a self-described sleuth for truth on Twitter, the act could mean prolonging the company’s case with the Security and Exchange Commission (SEC).
Ripple is hiring new litigation counsels. Don't expect this case ending anytime soon. pic.twitter.com/MyaDNa1Usl— Mr. Huber (@Leerzeit) April 26, 2023
Huber’s tweet attracted several responses, with users showing a sharp divide in their alignment over the ongoing dispute. A group of respondents faulted Huber’s assumption that Ripple’s recruitment had everything to do with its case with the SEC, suggesting it could be a backfill for someone leaving or just a regular recruitment event by the establishment.
Some members with similar sentiments suggested the recruitment could be for an unrelated case, as Ripple is reportedly involved in other legal battles apart from its dispute with the SEC. However, most respondents believed the recruitment was more routine than specific. They assume a single employee would not significantly affect the current structure of Ripple’s case with the SEC.
Other community members aligned with Huber’s opinion, with one respondent adamant the SEC would do everything possible to avoid losing the case. According to him, the agency could go as far as dragging the case to a contemporary court if that is what it would take for them to come out on top.
Reportedly, the lingering battle between Ripple and the SEC is taking a toll on the former’s business activities and standing with the XRP community. In a recent development, the XRP community lamented the lack of support for the token on Ripple’s newest product, Liquidity Hub (LH).
However, the blockchain company’s General Counsel, Stuart Alderoty, clarified that LH is an enterprise product designed for institutions rather than retail customers. He explained that regulatory clarity was also a significant factor for enterprise customers.
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