Crypto Firm Ripple Says Over 80% of Hiring This Year Outside US

Ripple Labs Inc. said more than 80% of its hiring this year will be outside the US, where the crypto payments company is embroiled in a long-running legal dispute with the Securities and Exchange Commission.

In jurisdictions such as Singapore, Hong Kong, the UK and Dubai, “governments are partnering with the industry and you’re seeing leadership, they’re providing clear rules and you’re seeing growth,” Ripple’s Chief Executive Officer Brad Garlinghouse said in a Bloomberg Television interview on Wednesday.

The SEC under Chair Gary Gensler has clamped down on digital assets following a market rout in 2022 and ensuing bankruptcies, ...