By Richard Hines
Ben Armstrong, a controversial cryptocurrency blogger, recently applied for a position as a director in the ripple organization in Singapore, but his application was denied. He tweeted about his application rejection.
He then applied for an executive position in the Singapore branch as a joke after the CTO of that branch agreed to hire people who were fired after Musk took over Twitter.
Application Rejected
The blogger’s argument stems from an insult directed at XRP enthusiasts. He called XRP enthusiasts delusory and continues to refer to himself as the XRP Army’s higher authority.
Despite this bear season, it is shocking to note that Ripple’s hiring rate has increased. They have been seen hiring more web3 specialists. According to the company forum, there are 350 jobs available for web3 and crypto personnel.
Another factor that contributed to this hiring is the lawsuit between SEC and Ripple. There was a lot of hope and assurance in the crypto space that the court would rule in favor of Ripple. However, since the recent SEC victory over LBRY, that hope has been dwindling.
Ripple And SEC Lawsuit
A recent SEC victory was over the LBRY firm regarding unregistered tokens and securities. In this case, the court ruled in favor of the SEC. Since this news broke, there has been a lot of uncertainty in the crypto community, as peoplee are unsure how optimistic they should be about Ripple beating the SEC.
Both the Ripple and LBRY token cases are similar in that they both involve unregistered tokens and securities. People believe that the court will rule in favor of the SEC based on this same precedent.
However, John Deaton, a crypto lawyer, spoke out against this notion, stating that the court will not use the case of LBRY and SEC as a benchmark to judge this. He goes on to say that because the components and claims in both cases are different, he is confident that the judge will use their own approach to decide this case rather than relying on a previous victory.
However, it is still unclear how things will play out. However, some crypto firms have filed and forwarded amicus briefs in support of Ripple to the court, detailing and criticising the effects of the lawsuit on retail traders, crypto exchanges, and the community.