The ongoing lawsuit between blockchain giant Ripple and the US Securities and Exchange Commission (SEC) is on the agenda of the entire cryptocurrency industry.
Jay Clayton, the ex-chairman of the SEC, who opened this case, surprised everyone by starting to work as a consultant in crypto money companies after the last business day of filing the case. Clayton has been an active participant in mutual funds as well as advising several cryptocurrency and blockchain companies.
Ripple Manager Switches To Fireblocks
Now a Ripple Just as much attention was drawn to the fact that its director left the company and moved to the company where the former SEC chief adviser.
Cassie Craddock, head of Ripple’s ERG unit, has officially announced that she is leaving the company. After emphasizing that he spent 4 wonderful years at Ripple, Craddock stated that now is the time to embark on a new challenge.
The company that the famous name joined was Fireblocks. Fireblocks raised $310 million in capital last July, bringing its total value up to $2.2 billion.
Jay Clayton, a former chairman of the SEC, joined Fireblock in August as a consultant. Craddock has been with Ripple since 2017 and oversaw the company’s business development division. The fact that Caddock is now switching to Fireblocks seems to have definitely bothered the Ripple management.
After 4 wonderful years at #Ripple, it’s time to move to a new challenge. Delighted to be joining the @FireblocksHQ team here in London. Exciting times! 🤩
— Cassie Craddock (@CraddockCJ) October 13, 2021
XRP, on the other hand, continues to struggle to stay above the $1 band in light of the ongoing litigation uncertainty. The critical range for XRP is known to be $1.25 and above.
*Not Investment Advice.