Fortune Magazine Ranks Ripple Amongst 100 Best Places to Work.
American business Magazine Fortune has ranked Ripple 34th in its 100 Best Medium Workplaces. Ripple revealed this in a tweet where it added further that it would continue to grow its amazing team.
We’re honored to be recognized by @FortuneMagazine in their roundup of the best places to work—coming in at #34 in the 100 Best Medium Workplaces.
— Ripple (@Ripple) August 8, 2022
The US-based blockchain company is one of the major players in the crypto world, and XRP, its token, is the sixth largest in the world by market capitalization. Despite a continued bearish form since the start of the year, owing mainly to the extreme selloffs in the crypto market, the token continues to maintain a decent market cap of over $18 billion.
“Always nice to get a little third-party validation. Thank you, Ripplers! YOU are what makes Ripple one of the best,” Ripple CEO Brad Garlinghouse said in a tweet, commenting on the Fortune Magazine ranking.
Always nice to get a little third party validation 🙂 Thank you, Ripplers! YOU are what makes Ripple one of the best. https://t.co/HdNbrvXXaN
— Brad Garlinghouse (@bgarlinghouse) August 8, 2022
SEC v. Ripple Prolongs
The Fortune ranking is coming amidst the prolonged court case between Ripple and the Securities and Exchange Commission (SEC). The lawsuit started in 2020 after the SEC alleged that XRP is an unregistered securities offering.
Should the court rule in favor of the SEC and declare XRP security, it could breed issues for the company and its holders. Even without a court ruling, the cryptocurrency is already facing some problems. In January 2021, Coinbase delisted the token from its platform, mentioning the ongoing lawsuit as a reason. Besides Coinbase, after SEC sued Ripple, most exchanges in the US delisted XRP.
However, the Ripple CEO remains optimistic that a ruling in favor of the SEC will not disrupt the company’s operations to a large extent.
In an interview with Axios at the Collision 2022 event, Brad Garlinghouse reemphasized his confidence that the ruling would be in their favor. In his words, “I’m betting that (Ripple’s victory) because the law is on our side, But If Otherwise, World Is Already Operating As If Ripple Has Lost.”
In April, a decision is expected to come in 2023, as revealed by Stuart Alderoty, Ripple’s legal counsel.
The token is currently trading at $0.3799, a decent 1,71% increase in the last 24 hours as of the time of press.