- Ripple has opened a new global headquarters in San Francisco.
- Many users see the new office as Ripple’s commitment to remain in the United States.
- Ripple has always maintained that XRP is not an unregistered security.
Ripple, the renowned blockchain payments company, has opened a new global headquarters in San Francisco. The company’s Chief Technology Officer (CTO), David Schwartz, took to X to post images of the new office and announce that it has become functional.
Schwartz’s post sparked excitement among many XRP community members, most of whom consider the move a show of confidence by the company and its commitment to remain in the United States.
Opening a new office in the United States amid the ongoing legal battle with the Securities and Exchange Commission (SEC) speaks volumes about Ripple’s mindset over the lingering issue. The company has always maintained that XRP is not an unregistered security, as the SEC claimed.
Ripple’s stance was bolstered by the partial victory from the court a few months back. In July, a federal judge in the US District Court for Southern New York ruled that programmatic sales of XRP were not securities while institutional sales were.
Opening a new office in the United States also adds momentum to the growing speculation that the SEC is considering a settlement over its case with Ripple. Notably, the SEC recently held a closed-door meeting where it discussed potential settlements for various legal proceedings, including injunctive actions and administrative proceedings.
Following the meeting, whose outcome remains confidential, many XRP supporters believe the Ripple case might be one of the cases considered by the SEC for settlement. Some even speculated that an announcement regarding a settlement would be made soon.
Ripple’s new office is at 600 Battery St. in Jackson Square, close to the Embarcadero, San Francisco. Backed by a rich history, the structure was built in 1927 but has undergone significant renovations over several years.
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