SEC vs. Ripple: Pretrial Set for February; Company relocating to Japan


In an interview with CNN, Garlinghouse said, “95% of our customers are non-U.S. and only about 5% are here in the U.S. People say ‘You are a U.S. company, […] why is that?’ One of the dynamics is that U.S. companies are waiting for clarity, and that clarity emanates from the Securities and Exchange Commission.”

“For us, around XRP and over 100 companies that are working with XRP getting that clarity, it’s very clear to me that XRP is being used by many companies as a currency. You had the U.S. Department of Justice refer to XRP as a currency, you had FinCEN refer to XRP as a currency. But you haven’t yet had that clarity from the SEC” he added.

Ripple in talks with SBI Holdings regarding its plan to move to Japan

Ripple is planning to relocate its business to Japan. Garlinghouse said that he is in talks with  SBI  Holdings, one of the biggest financial firms in Japan, regarding the plan,

“Japan is one of our fastest-growing markets, in part because we have key partners like SBI,” says Garlinghouse.