Ripple Reveals Plans to Relocate if It Loses SEC Case – Sets up Shop in Canada

After eighteen months of being sued by the U.S. Securities and Exchange Commission for selling illegal securities.

After eighteen months of trudging through the lawsuit by the U.S. Securities and Exchange Commission for the alleged selling of illegal securities, Brad Garlinghouse, CEO of Ripple Labs, announced that the company could relocate from the United States.

Ripple Labs to Exit the United States

In December 2020, the SEC clamped down on Ripple, alleging that the company had sold illegal securities in offering the XRP. With the case dragging on much longer than expected, Ripple Labs is considering its options.

Brad Garlinghouse expressed his complaints about the SEC imposing inconsistent regulations on crypto firms across the country. According to Garlinghouse, San Francisco-based Ripple Labs is even ready to move overseas if it loses its regulatory court battle with the SEC. 


Speaking on the possibility at the ‘Collision’ conference in Toronto, Garlinghouse said “it’s not that we could, we will,”

Ripple Expands into Canada 

On Thursday, June 23rd, Ripple opened a new branch in Canada. The Toronto office marks part of the company’s objective to promote crypto-related innovations throughout Canada.


Shortly after the announcement, Ripple confirmed that it would be looking to hire at least 50 software engineers for its Canada branch.  

On the Flipside

  • Ripple’s expansion is in stark contrast to the decision taken by many crypto firms around the globe to cut down on staff due to the poor performance of the crypto market.

Why You Should Care

The Ripple v. SEC court case has been one of the most publicized crypto events of recent times, with many postulating that the results could set a precedent for crypto regulations in the U.S. going forward.

Find out more about Ripple’s expansion:

Ripple Steps into Canada: Opens Hub in Toronto

For the latest updates on the Ripple-SEC case, check out the following:

Ripple Vs SEC Call on Hinman’s Speech Scheduled Today: Why Is It so Important?

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia