Ripple Emerges Victorious in SEC Dispute, Aims for Global Crypto Dominance: Focusing on UK and Europe!

Ripple Sets Sight on Europe and UK After SEC Victory

In the wake of its recent win against the U.S. Securities and Exchange Commission (SEC), Ripple is not slowing down. The global cross-border remittance company is now aiming for global dominance by expanding its operations into Europe and the UK. This underdog story proves that crypto can make a compelling comeback.

Following its legal victory, Ripple is now turning its attention to the UK, with plans to establish itself as a crypto asset firm. Sendi Young, Ripple’s Europe Managing Director, revealed this exciting update during an interview with DL News. The company seems determined to strike while the iron is hot.

But Ripple’s ambitions don’t stop at the UK. The firm also has its eyes set on Europe, as it has applied for a payment institution license in Ireland. This move showcases Ripple’s strategy of treating the US as its global hub while expanding its reach across the pond. It’s time for Ripple to pack their bags for a European adventure.

Looking towards the future, Ripple’s growth plans in the UK and Europe may not have specific target numbers, but Young confirms that there will be a continuous increase in headcount and hiring for crucial positions. Over the past eighteen months, the company has already expanded its workforce in the UK and Europe by an astonishing 75%.

Although Ripple maintains its commitment to the US as its global hub from its offices in London, Dublin, and Reykjavik, most of its expansion in the two years since the SEC lawsuit has occurred outside of the US. Young anticipates further growth in the US as well.

When it comes to the recent crackdown on crypto firms by the SEC, Young believes that a more nuanced approach is necessary. She argues against “regulation by enforcement,” as it hampers innovation and investment. She suggests that the UK and EU could take advantage of this opportunity to attract global companies.

As Ripple sets its sights on Europe and the UK, its strategic expansion plan is in full swing. With its recent legal victory behind it, the company is poised to make a lasting impact in the global crypto market. As Ripple continues to grow, it will be interesting to see how its presence in Europe and the UK shapes the future of this underdog story.