Ripple General Counsel Departs Cryptocurrency Firm Amid Clas

A top lawyer at cryptocurrency startup Ripple has left the company, a spokesperson confirmed to CCN on Friday.

Brynly Llyr, who joined the San Francisco-based blockchain company in Nov. 2016 as the firm’s general counsel and has served in that role in the nearly two years since, is no longer with the organization. Llyr’s departure from Ripple was first reported by Quartz.
In a statement, a Ripple spokesperson confirmed the move and said that the blockchain firm was “grateful” for her work at the company.
“We can confirm that Brynly Llyr has moved on from Ripple. We’re grateful to all that she did to help build an incredible team that will continue the work they’ve been focused on for the past year and beyond. We wish Brynly all the best in her next endeavor 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.”
Previously, she had managed “class action litigation and complex litigation” for eBay and also spent time at PayPal after it was spun off from the e-commerce giant, according to her LinkedIn profile.
Llyr’s departure comes as Ripple prepares to defend itself against a variety of class-action lawsuits alleging that the XRP cryptocurrency — whose majority owner is Ripple — should be regulated as a security and that the firm’s distribution of XRP {which is often colloquially referred to as “ripple”} constitutes an illegal securities offering.
The spokesperson did not respond to an inquiry about whether Llyr’s departure would have any impact on that legal battle. However as Hacked reported in July, the company has hired a heavyweight to oversee its case that XRP is not a security: Mary Jo White, the former chair of the Securities and Exchange Commission {SEC}, the agency that determines whether an asset should be regulated as a security by the federal government.
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.



0 ratings









Comments

Author

Anonymous

Anonymous

The author preferred to stay anonymous for this post!

Stats

Published
254 days ago
event
Page Views last 24h
0
av_timer
Total Page Views
19
assessment
Revenue
attach_money0.019
monetization_on

Advertisement

Related Posts
BitcoinCash Gains 14% as Stress Test Hits Transaction Record

BitcoinCash Gains 14% as Stress Test Hits Transaction Record

News
16 views
star_border star_border star_border star_border star_border
why facebook privacy is an issue??

why facebook privacy is an issue??

News
226 views
star star star star star

Advertisement

Like us on FB!

More Posts

Who is ypur best friend?

Who is ypur best friend?

Social Quiz
38 views
star_border star_border star_border star_border star_border
Who is your best friend?

Who is your best friend?

Pic
18 views
star_border star_border star_border star_border star_border
Recording in process!!

Recording in process!!

GIF
50 views
star_border star_border star_border star_border star_border
When engineers get too craZy...

When engineers get too craZy...

Meme
44 views
star star star star star
Mia khalifa

Mia khalifa

Celebrity
134 views
star_border star_border star_border star_border star_border
This 19 year old actress make her Bollywood debut film

This 19 year old actress make her Bollywood debut film

News
12 views
star_border star_border star_border star_border star_border
How to improve your memory?

How to improve your memory?

How To
73 views
star_border star_border star_border star_border star_border

Quotes
15 views
star star star star star
iphone 8 rumors

iphone 8 rumors

Miscellaneous
25 views
star_border star_border star_border star_border star_border
Why should seniors have all the fun? xD

Why should seniors have all the fun? xD

Meme
84 views
star_border star_border star_border star_border star_border
Who is secretly checking your profile the most?

Who is secretly checking your profile the most?

Pic
82 views
star star star star star_border
CURRENT DREAM GIRL,SARA ALI KHAN

CURRENT DREAM GIRL,SARA ALI KHAN

Arts and Entertainment
15 views
star_border star_border star_border star_border star_border
واحرص على قلبي فانك فيه

واحرص على قلبي فانك فيه

Design
54 views
star_border star_border star_border star_border star_border
How many are in love with you

How many are in love with you

Pic
55 views
star_border star_border star_border star_border star_border
Google reveals the Android Excellence collection for Fall

Google reveals the Android Excellence collection for Fall

Science and Technology
29 views
star_border star_border star_border star_border star_border
HOW YOU GET GIRLFRIEND

HOW YOU GET GIRLFRIEND

Cute
15 views
star_border star_border star_border star_border star_border
5 Amazing Things to Google

5 Amazing Things to Google

Geeky
337 views
star star star_border star_border star_border

Inspirational
40 views
star_border star_border star_border star_border star_border
Know which friend is planning to kill you !!

Know which friend is planning to kill you !!

Pic
26 views
star_border star_border star_border star_border star_border
Random Post