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- Ben Armstrong, the founder of BitBoy Crypto has shared a rejection letter from Ripple’s talent team
- He had applied for a senior position in the beginning of this year.
On November 4, Armstrong posted on Twitter in which he mentioned Ripple Singapore Linkedin and quoted Ripple’s CTO, Joel Katz as an inspiration.
If it is achieved successfully, Armstrong will be responsible for influencing the corporate plan of Ripple through cross-functional teams and making sure the coordination between functioning areas. He will need to collaborate with the Finance Department to promote the annual planning.
Regrettably, for Armstrong, the firm replied that it will check the given application but just after four days he got a rejection letter.
The SEC and Ripple case
This December, the fight between SEC and Ripple will complete its second year. And, investors are now being more confident about the price of XRP, expecting the win of Ripple. As per the reports, XRP has witnessed $1.1 million in asset inflows for the third week consecutively.
In the recent advancements of this case, Coinbase and Senator Cynthia Lummis were one of the 12 bodies that filed amici curiae briefs to back the case. The SEC has replied by requesting Judge Analisa Torres to make a deadline of November 11, 2022, for filing the amici briefs. He has also requested Judge Torres to make a delay in the window about filing reply briefs to November 30.
As reported by the coin republic, the battle between both authorities took place as the SEC accused in December 2020 that Ripple had generated more than $1.3 billion illegally. The acquisition also includes two prominent officials of Ripple i.e Christian Larsen, the co-founder of Ripple, and Bradley Garlinghouse, the Chief executive officer of Ripple. The SEC quoted that both officials made a lot of profit in the process.
The SEC and LBRY case
On November 2011, the SEC won a case against LBRY. In this case, the SEC accused LBRY that it had proposed its LBC token as an investment contract without giving investors the full details.
The LBC token was introduced in 2016 by LBRY and sold more than 50 million tokens to the public by centralized exchanges. LBRY explained that the token will rise its value as the firm carried on the advancement of the LBRY network.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
