Altcoins

Ripple’s General Counsel Leaves Company After Two Years

General Counsel at Ripple, Brynly Llyr has reportedly left her position at the company after two years. According to the official source, Llyr started working for Ripple since November 2016.  Further on Ripple has confirmed the recent news about Llyr no longer being employed by the company by releasing appropriate official statement.      

The official message by Ripple stated: “we can confirm that Brynly Llyr has moved on from Ripple. We’re grateful for all that she did to help build an incredible team. We wish Brynly all the best in her next endeavour and the team here at Ripple looks forward to the next chapter, where we will continue to pave the way in this ever-evolving and unchartered industry”.

Prior to joining Ripple, Llyr was reportedly working for the e-commerce giant company, eBay as senior director of litigation. She also worked for Paypal Holdings Inc. as senior director of patents after that.   

As of now, the company is still in lawsuits against different allegations mainly regarding the company constituting an illegal securities offering. Meanwhile, Llyr leaving the company during this time can be seen as an interesting development. However, according to the official source, “the spokesperson did not respond to an inquiry about whether Llyr’s departure would have any impact on that legal battle”.

As reported back in July, the company hired the former chair of the Securities and Exchange Commission (SEC), Mary Jo White who reportedly was aiming at overseeing the case of XRP not being a security.       

Regarding the matter, the sources also suggests that “Ripple, for its part, has long denied that XRP is a security. The SEC, meanwhile, has not commented on the matter publicly, though officials have stated that Bitcoin and Ethereum – the only two cryptocurrencies with circulating valuations higher than those of XRP – should not be classified as securities under current U.S. law”.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Ripple News tech - the leading media related to Ripple (XRP) and blockchain technology

Copyright © 2018 Ripple News Tech

To Top