Ripple’s General Counsel Stuart Alderoty recently revealed the expansion plans that the company is undertaking in London. In a tweet, Alderoty disclosed they were with the Ripple team and focused on growing the business. Alderoty's statement prompted a reaction from John Deaton, an attorney representing thousands of XRP investors. He noted the opportunity for regulators in the United Kingdom in light of the US SEC’s alleged ineptitude.
Ripple has committed itself to growing its business in London as the UK government is clear about what Crypto assets constitute security. In October of last year, Ripple’s CEO Brad Garlinghouse considered moving the company’s headquarters to the London area due to the regulatory uncertainty in the US. Ripple has experienced some success in different parts of the world, including being mentioned in the Bank of England's Digital Pound consultation paper, and Ripple’s Director of CBDC Product Management’s Anthony Ralphs being featured in the Digital Euro Association whitepaper.
It is still unclear as to how Ripple intends to grow its business in London, or whether the company will decide to move its headquarters to London. However, Ripple’s ambitions and commitment to the UK might be well received by the financial industry in the region.
Nicholas Howard
- 2023-04-19
Ripple Commits To Growing Business in London
Ripple is looking to expand their business in London and their CEO is considering moving the company's headquarters to the London area due to the US regulatory uncertainty. Their recent successes, including Bank of England recognition, may be well received by the financial sector.
